The __________ imposed on imported bananas by Western European countries cost consumers $2 billion a year in higher prices.
A)boycotts
B)tariffs
C)quotas
D)sanctions
E)subsidies

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods, which increase their prices, making them less competitively priced compared to domestic alternatives. In this case, the Western European countries imposed tariffs on imported bananas, which resulted in consumers paying $2 billion more each year to purchase them.

The __________ Imposed on Imported Bananas by Western European Countries