Which of the following terms refers to a tax levied by a foreign government against certain imported products?
A) embargo
B) tariff
C) excise
D) exchange control
E) quota

Question

Quizplus · Accepted Answer

A tariff is a tax levied by a foreign government against certain imported products. An embargo is a complete ban on trade with a particular country. An excise is a tax on certain goods produced domestically, and exchange control refers to government restrictions on the buying and selling of foreign currencies. A quota is a limit on the quantity of a particular good that can be imported or exported.

Which of the Following Terms Refers to a Tax Levied