In Some Cases a Government Adopts a Policy of ________

question 153

Multiple Choice

In some cases a government adopts a policy of ________ in which it enforces rules on foreign firms designed to give home companies an advantage.

• A)bribery
• B)countertrade
• C)protectionism
• D)slotting allowance
• E)green marketing

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Definitions:

Regressive Tax

A tax applied uniformly, taking a larger percentage of income from low-income earners than from high-income earners.

Proportional Tax

A taxation structure where the rate of tax stays the same, no matter the taxable amount.

Retail Sales Tax

A tax imposed on the retail price of goods and services paid by the consumer at the point of sale.

Easily Shifted

A descriptor for economic burdens or benefits that can be transferred or moved easily from one party to another.