If you wanted to set up a business importing amber from Denmark to Canada, you would have to plan on paying Canada Customs roughly 20 percent of the value of the product as a:
A)bribe.
B)tariff.
C)revenue.
D)subsidy fee.

Question

Quizplus · Accepted Answer

The 20 percent fee mentioned in the statement refers to a tariff. Tariffs are taxes or duties imposed on imported goods by the government of the importing country. This is done to protect local industries from cheap foreign imports, to generate revenue for the government, or to balance trade relations with other countries. It is not a bribe, revenue, or a subsidy fee.

If You Wanted to Set Up a Business Importing Amber