A tariff is a
A)limit on how much of a good can be exported.
B)limit on how much of a good can be imported.
C)tax on an exported good.
D)tax on an imported good.

Name: A tariff is a A)limit on how much of a good can be exported. B)limit on how much of a good can be imported. C)tax on an exported good. D)tax on an imported good.
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Question

Quizplus · Accepted Answer

A tariff is a tax on an imported good, aimed at making imports more expensive, which reduces demand and protects domestic industries from foreign competition.

A Tariff Is a