Use the Following to Answer Questions

question 11

Multiple Choice

Use the following to answer questions:
Figure: Tax on Buyers 2
-(Figure: Tax on Buyers 2) In the diagram, the size of the tax is:

• A) $1.00.
• B) $2.00.
• C) $3.00.
• D) $4.00.

---

Definitions:

Negotiable

Term referring to legal instruments or documents that can be transferred from one party to another, effectively transferring rights and obligations.

Rubber-Stamped Signature

A rubber-stamped signature is a reproduced authorization or endorsement using a rubber stamp, often used for routine or mass approvals.

Condition

A specific requirement or stipulation that defines or restrains an event or action in a legal context.

Drafts

Written orders for the payment of a specified sum of money from one party to another, often used in international trade.