A tax on an imported product designed to raise revenue or protect domestic firms is referred to as a(n)________.
A) exchange
B) excise
C) fine
D) quota
E) tariff

Name: A tax on an imported product designed to raise revenue or protect domestic firms is referred to as a(n)________. A) exchange B) excise C) fine D) quota E) tariff
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A tariff is a tax on imported goods that is designed to either raise revenue for the government or protect domestic industries from foreign competition.

A Tax on an Imported Product Designed to Raise Revenue