Specific Tariffs Are

question 20

Multiple Choice

Specific tariffs are

• A) import taxes stated in specific legal statutes.
• B) import taxes calculated as a fixed charge for each unit of imported goods.
• C) import taxes calculated as a fraction of the value of the imported goods.
• D) the same as import quotas.
• E) import taxes calculated based solely on the origin country.

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Definitions:

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George W. Bush

The 43rd President of the United States, who served from 2001 to 2009, known for his response to the 9/11 attacks and initiating the Iraq War.

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The 44th President of the United States, serving two terms from 2009 to 2017, and the first African American to hold the office.

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The primary, broad objectives of economic policy, such as price stability, full employment, and sustainable growth.