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Garret told his classmate Keith that if he didn't write his term paper for him, then Garret was going to tell the professor that Keith cheated on the exam. This demonstrates the idea of _____.
Protective Tariff
A tax imposed on imported goods to protect domestic industries from foreign competition by making the imported goods more expensive.
Tariff
A tax imposed by a government on goods and services imported from other countries.
Excise Tax
An indirect tax charged on the sale of a particular good or service, typically specific items such as alcohol, tobacco, and gasoline.
Revenue Tariff
A type of tariff that is primarily levied by a government with the objective of generating income rather than protecting domestic industries.
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