Which of the Following Is the Best Example of a Tariff

question 49

Multiple Choice

Which of the following is the best example of a tariff?

• A)​a tax placed on all small cars sold in the domestic market.
• B)​a limit imposed on the number of small cars that can be imported from a foreign country.
• C)​a subsidy from the U.S.government to domestic manufacturers of small cars so they can compete more effectively with foreign producers of small cars.
• D)​a $100-per-car fee imposed on all small cars imported.

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Definitions:

Communicated Acceptance

The act of conveying agreement to the terms of an offer, completing the formation of a contract.

Similar Relations

Associations or connections between entities or concepts that share common characteristics or attributes.

Period of Time

A specific duration or span of time during which events occur or conditions are planned to take place.

Revoke Offer

The withdrawal of a proposal by the offeror before it has been accepted by the offeree, rendering the offer void.