Another name for an import duty is a(n)
A) tariff.
B) embargo.
C) devaluation.
D) quota.
E) limitation.

Name: Another name for an import duty is a(n) A) tariff. B) embargo. C) devaluation. D) quota. E) limitation.
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

An import duty is another term for a tariff, which is a tax levied by a government on imported goods. This tax is usually a percentage of the value of the goods being imported and is meant to protect domestic industries from foreign competition.

Another Name for an Import Duty Is A(n)