Use the Following to Answer Questions

question 152

Multiple Choice

Use the following to answer questions:
Figure: International Trade 2
-(Figure: International Trade 2) Refer to the figure. What is the size of the tariff in this figure?

• A) $8
• B) $3
• C) $5
• D) $1

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Definitions:

Individual Income Tax

A tax levied by governments on the income earned by individuals, varying according to income level and filing status.

Federal Government Spending

Expenditure by the federal government on goods, services, and transfers to individuals and other governmental units.

Defense

Actions, strategies, and systems designed to protect a country from external threats and maintain national security.

Social Security

Social Security is a government program that provides financial assistance to people with an inadequate or no income, including the elderly, disabled, and survivors.