A Tax on a Good That Is Imposed by the Importing

question 100

Multiple Choice

A tax on a good that is imposed by the importing country is called a

• A) tariff.
• B) nontariff barrier.
• C) quantitative restriction.
• D) licensing regulation.
• E) trade constraint.

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Definitions:

Adaptation

The process of changing or modifying something to better suit a new environment or purpose, often used in biological and cultural contexts.

English Colonization

The process of English settlement and establishment of control over regions in the Americas, Africa, and Australasia from the 16th to the 18th centuries.

Spanish Model

Refers to the architectural, cultural, or political systems and practices influenced by or originating from Spain.

Joint Stock Companies

Businesses owned by shareholders who contribute capital and share in the profits and losses.