An Excise Tariff Is

question 93

Multiple Choice

An excise tariff is

• A)a fixed fee that an importing firm must pay the domestic government in order to have the legal right to sell the product in the domestic market.
• B)the fee an importing firm must pay to the domestic government on each unit it brings into the domestic market.
• C)a restriction limiting the quantity of imported goods that can legally enter a domestic market.
• D)none of the statements associated with this question are correct.

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Definitions:

Obama

Referring to Barack Obama, the 44th President of the United States, who served from 2009 to 2017 and is the first African American to hold the office.

Article II

A section of the United States Constitution which outlines the executive branch of the government, including the powers of the President.

Inherent Powers

Powers that are not explicitly stated in the Constitution but are assumed to exist due to the very existence of the national government, allowing it to function effectively.

Executive Orders

Directives issued by the President of the United States that manage operations of the federal government.