Taxes, surcharges, or duties levied against imported goods are known as ________
A) import sanctions
B) embargoes
C) tariffs
D) import quotas
E) restrictive import standards
Answer: C
Explanation: Taxes, surcharges, or duties levied against imported goods are known as tariffs. Tariffs can be levied to generate revenue, to restrict trade, or to punish other countries for disobeying international trade laws.
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Assume that the stock repurchase is executed at the pre-repurchase price. Sue Ellen has 100 shares of Ewing Oil. She bought the shares for $25 per share. Sue Ellen pays a tax rate of 20% on capital gains and 34% on dividends. What is Sue Ellen's after-tax wealth if she sells the same proportion of shares as Ewing repurchases, and that she receives the same price that Ewing pays? Assume that Sue Ellen sells her remaining shares after the repurchase at the price that prevails after the repurchase. A) $1,800 B) $1,965 C) $2,250 D) $2,500 E) $2,625
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