When a Government Uses Measures Like Tariffs and Import Quotas

question 13

Multiple Choice

When a government uses measures like tariffs and import quotas, it is called

• A)ethnocentrism.
• B)free trade.
• C)a trade bloc.
• D)an embargo.
• E)trade protectionism.

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Definitions:

Taxpayer's Spouse

The legally married partner of an individual considered for tax filing and benefit eligibility purposes.

Married Filing Jointly

A tax filing status for married couples that allows them to file one tax return jointly, often resulting in lower taxes than filing separately.

Full-Time Student

An individual who is enrolled in a higher education institution for the number of hours or courses the institution considers to be full-time.

Income Tax Withholding

The process where employers deduct tax from employees' wages and directly pay it to the government.