Another Name for an Import Duty Is A(n)

question 192

Multiple Choice

Another name for an import duty is a(n)

• A) tariff.
• B) embargo.
• C) devaluation.
• D) quota.
• E) limitation.

---

Definitions:

Retire

To leave one's job or profession after reaching a certain age, often resulting in receiving pensions or other retirement benefits.

Producer Surplus

The distance between the expected financial return by producers on a good or service and the actual financial return.

Total Producer Surplus

The sum of the individual producer surpluses of all the sellers of a good in a market.

Free Tickets

Complimentary passes provided to individuals for entry into events, attractions, or transportation, usually as a promotional or reward initiative.