Tariffs differ from taxes because tariffs are what?

Taxes refer to ones income or purchases that have a certain percentage taken out upon a sale of during tax season for income. Tariffs on the other hand only apply to good being brought into or exiting the country. For instance, The united states could choose to create a tariff on cars coming into the country from Japan. This means that they would pay a fee or a certain percentage of the cars worth just to import it.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.

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