Taxes and duties that are levied to control imports of goods and services are also known as
A) quotas.
B) nontariff barriers.
C) infant industries.
D) tariffs.

Question

Quizplus · Accepted Answer

Taxes and duties that are levied to control imports of goods and services are known as tariffs. Quotas are restrictions on the quantity of goods that can be imported, nontariff barriers include regulations, standards, and other administrative barriers, and infant industries refer to new or developing industries that require protection from foreign competition.

Taxes and Duties That Are Levied to Control Imports of Goods