Asked by Emily Calabrese on May 09, 2024
Verified
A tariff is a
A) tax.
B) price ceiling.
C) quantity limit.
D) subsidy.
Protective Tariff
A tax imposed on imported goods to protect domestic industries from foreign competition by making the imported goods more expensive.
Tariff
A tax imposed by a government on goods and services imported from other countries.
- Distinguish and categorize diverse blockades in trade and their impacts.
Verified Answer
TB
Teddy BogbaMay 15, 2024
Final Answer :
A
Explanation :
A tariff is a tax imposed by a government on imported or exported goods, which increases the price of the goods. It is usually done to protect domestic industries or to generate revenue for the government.
Learning Objectives
- Distinguish and categorize diverse blockades in trade and their impacts.
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