Which of the Following Is Not True About a Tariff

question 170

Multiple Choice

Which of the following is not true about a tariff?

• A) It is a barrier to entry in a market.
• B) It leads to a natural monopoly.
• C) It is a tax.
• D) It affects imported goods.

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Definitions:

Investments

Assets purchased with the expectation that they will generate income or will appreciate in the future.

Net Income

The total revenue of a company minus the total expenses, indicating the profit earned over a specific period.

Organizational Expenses

Costs incurred during the formation of a corporation, partnership, or any business entity, such as legal and administrative fees.

Intangible Assets

Non-physical assets such as patents, trademarks, and goodwill that have value to a business.