A Tariff Is

question 9

Multiple Choice

A tariff is

• A)a limit placed on the quantity of goods that can be imported into a country.
• B)a tax imposed by a government on goods imported into a country.
• C)a subsidy granted to importers of a vital input.
• D)a health and safety restriction imposed on an imported product.

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Definitions:

Scatterplot

A type of graph used in statistics to display values for typically two variables for a set of data, showing the relationship between them.

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A unit of energy measurement equivalent to the power consumption of one thousand watts for one hour.

Linear Model

A statistical method that describes the relationship between two or more variables using a straight line.