A country imposes a tariff on goods that it sells abroad at the request of another nation. This is an example of a(n) ________.
A) embargo
B) ad valorem tariff
C) compound tariff
D) voluntary export restraint
Question 2
Blickinstock has identified a company that it can acquire or merge with. Which of the following statements would represent the least likely reason for Blickinstock to go ahead with the merger?
A) The merger would help increase Blickinstock's global competitiveness.
B) The merger would allow the company to get a foothold in the nascent Latin American market.
C) The merger would help to fill the gaps in Blickinstock's product line.
D) The merger would bring in increased cash-flows that Blickinstock can use to acquire other firms.
Passage of the “Tariff of Abominations,” 1828
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