Which of the Following Is Correct

question 78

Multiple Choice

Which of the following is correct?

• A)A tariff is a tax,or duty,that a government imposes on goods and services imported into that country.
• B)A quota is a tax,or duty,that a government imposes on goods and services imported into that country.
• C)A quota is a limit on the amount of a product imported into a country.
• D)Both A and C

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Definitions:

McDonaldization

A concept that describes the process by which principles of the fast-food industry, like efficiency, predictability, and control, dominate other sectors of society.

Global Poverty

The condition where individuals or communities lack the financial resources to meet basic living standards around the world.

Global Commodity Chain

A worldwide network of production and distribution processes through which a product passes until it reaches the consumer.

Colonialism

The policy or practice of acquiring full or partial political control over another country, occupying it with settlers, and exploiting it economically.