A Tax Imposed by a Government on Imports of a Good

question 88

Multiple Choice

A tax imposed by a government on imports of a good into a country is called a

• A)tariff.
• B)quota.
• C)value added tax.
• D)sales tax.

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Definitions:

Personal Property

Refers to movable items owned by an individual or entity, as opposed to real property which relates to land and buildings.

Unlawful Taking

The illegal appropriation or seizure of property without permission or legal right.

Conversion

In law, an act of wrongfully taking, using, or disposing of the personal property of another without consent.

Wrongfully Taking

Illegally taking possession of someone else's property without permission, akin to theft or larceny.