Asked by Derise Major on Jun 09, 2024
Verified
Which item is an example of a tariff?
A) a regulation specifying that each imported Yamaha motorcycle must meet certain emission exhaust guidelines
B) a limit on the total number of Yamaha motorcycles imported from Japan
C) a tax of 5% of the value of each Yamaha motorcycle imported from Japan
D) a tax of $250 on each Yamaha motorcycle produced in the United States
Yamaha Motorcycle
A brand of motorcycles manufactured by the Yamaha Motor Company, known for their quality, performance, and innovation.
Emission Exhaust
Gases or particles released into the atmosphere from engines or other machinery.
Tariff
A tax imposed by a government on imported or exported goods, typically used to protect domestic industries or to generate revenue.
- Ascertain the consequences of tariffs and diverse trade obstacles on internal markets.
Verified Answer
HW
Henry WalshJun 09, 2024
Final Answer :
C
Explanation :
A tariff is a tax on imported goods, and choice C describes a tax on each Yamaha motorcycle imported from Japan.
Learning Objectives
- Ascertain the consequences of tariffs and diverse trade obstacles on internal markets.
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