What Is a Tariff

question 110

Multiple Choice

What is a tariff?

• A)A limit placed on the quantity of goods that can be imported into a country.
• B)A tax imposed by a government on goods imported into a country.
• C)A subsidy granted to importers of a vital input.
• D)A health and safety restriction imposed on an imported product.

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Definitions:

Tailoring Rule

A principle in environmental law that allows for regulations to be adjusted or "tailored" to fit the specific circumstances of different sources or categories of sources, rather than applying a one-size-fits-all approach.

Cap and Trade

An environmental policy tool that limits or caps the total level of certain greenhouse gas emissions and allows industries with low emissions to sell their extra allowances to larger emitters.

National Environmental Policy Act

A U.S. environmental law that promotes the enhancement of the environment and established the President's Council on Environmental Quality (CEQ). It requires environmental impact statements for major federal actions significantly affecting the environment.

Environmental Impact Statement

A document prepared to describe the effects proposed activities will have on the environment.