A tax of $30 levied on every pound of cheese imported from France would be an example of a

Question

Quizplus · Accepted Answer

A tax of $30 levied on every pound of cheese imported from France is a tariff, which is a tax on goods imported from a foreign country. The other options are not applicable in this scenario. Tax expenditure refers to government spending through the tax code, capital gains tax is a tax on the profit from the sale of an asset, and value-added tax is a tax on the value added at each stage of production and distribution of a product.

A Tax of $30 Levied on Every Pound of Cheese