A Tax on an Imported Good Is Called a

question 48

Multiple Choice

A tax on an imported good is called a

• A)quota.
• B)tariff.
• C)supply tax.
• D)trade tax.

---

Definitions:

Dividends

Rephrased: Payments made by a corporation to its shareholders, usually as a distribution of profits.

Net Income

The concluding income of a company after removing the costs and taxes from its revenue.

Average Total Assets

The mean value of all the assets a company owns, calculated by adding the beginning and ending total asset balances during a period and dividing by two.

Earnings Activities

Activities that generate income for a business, including operations, sales, and investments.