In Today's World,many Countries Impose Tariffs

question 34

Multiple Choice

In today's world,many countries impose tariffs

• A)only on imports.
• B)only on exports.
• C)on both imports and exports.
• D)on imports, exports, and nontraded goods.

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Definitions:

Proprietorship

A business owned by one individual.

Personal Assets

Personal assets include all property owned by an individual that has value, such as cash, real estate, investments, and personal belongings.

Liabilities

Financial obligations or debts that a company owes to others, recorded on the right side of the balance sheet.

Equity

The rights of the owners of a business.