A Tax Imposed on an Imported Good Is Called a

question 69

Multiple Choice

A tax imposed on an imported good is called a

• A) tariff.
• B) quota.
• C) protection tax.
• D) capital inflow.
• E) capital outflow.

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Definitions:

Marginal Utility

The additional satisfaction or benefit received from consuming one more unit of a good or service.

Marginal Utility

The extra utility or satisfaction that someone attains from the consumption of one more unit of a product or service.

Marginal Utility

The extra pleasure or benefit gained by a consumer from consuming an additional unit of a good or service.

Utility Schedule

A table or graph that shows the satisfaction or utility a consumer derives from consuming different quantities of a good or service.