Japan announces a tariff on rice imported from China. In doing so, the resulting impact on consumers is similar to that of ___________.

A) budget deficits.
B) unemployment.
C) deflation.
D) tax increases.

Tariff

A tax imposed on imported goods and services, aimed to make imported goods more expensive and thus less competitive compared to domestic goods.

Imported Rice

Rice that is produced in one country and then shipped and sold in another country, often to meet demand that cannot be met by domestic production.

Tax Increases

Government-imposed hikes in taxes, which can affect consumer spending, investment decisions, and overall economic growth.