A Tariff Is

question 3

Multiple Choice

A tariff is

• A) a government imposed limit on the amount of a good that can be exported from a nation.
• B) a government imposed barrier that sets a fixed limit on the amount of a good that can be imported into a nation.
• C) a tax on a good imported into a nation.
• D) an agreement between governments to limit exports from a nation.

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Definitions:

Cultural Theory

An exploration of how culture impacts societal norms, values, and practices, and how these in turn shape individual behaviors and social structures.

Psychological Contract

An unwritten agreement that defines the mutual expectations, perceptions, and informal obligations between an employer and an employee.

Governmental Initiatives

Describes programs or actions initiated by a government to address various societal issues or achieve specific policy objectives.

Social Changes

The significant alteration of social structures and cultural patterns over time within a society.