The best example of a tariff from the list below is
A)a subsidy from the government to domestic manufacturers of residential air conditioners to enable them to compete more effectively with foreign producers
B)a limit on the quantity of residential air conditioners that can be imported from a foreign country
C)a $150 fee imposed on all imported residential air conditioners
D)a tax placed on all residential air conditioners sold in the domestic market to help offset the impact of emissions on the environment

Question

Quizplus · Accepted Answer

A tariff is a tax or duty to be paid on a particular class of imports or exports. Option C, a $150 fee imposed on all imported residential air conditioners, directly fits the definition of a tariff as it is a specific charge levied on imported goods.

The Best Example of a Tariff from the List Below