Which of the Following Is the Best Example of a Tariff

question 110

Multiple Choice

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

• A)a subsidy from the U.S. government to domestic manufacturers of residential air conditioners to enable them to compete more effectively with foreign producers
• B)a limit on the quantity of residential air conditioners that can be imported from a foreign country
• C)a $150 fee imposed on all imported residential air conditioners
• D)a tax placed on all residential air conditioners sold in the domestic market to help offset the impact of emissions on the environment

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Definitions:

Meeting

A gathering of individuals or representatives for the purpose of discussing and acting upon matters of common interest.

Incorporators

Individuals who sign the articles of incorporation for a corporation, effectively bringing it into existence under the law.

Corporate Articles

Legal documents filed with a state government to formally establish the existence of a corporation.

Incorporation

The process of legally declaring a corporate entity as separate from its owners.