Tariffs Are Imposed Only on Exports

question 57

True/False

Tariffs are imposed only on exports.

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Definitions:

Communicated

Information or ideas that have been shared or transmitted between parties, through verbal, written, or nonverbal methods.

One-Sided Promise

An agreement where only one party makes an enforceable commitment to the other without receiving a reciprocal obligation.

Breach Of Contract

A violation of a contractual obligation by failing to perform one's own promise, partially or wholly.

Quantum Meruit

A legal principle where a person can recover the reasonable value of services provided, but not contracted for.