What is a tariff?
A) It is a tax levied by a government on goods being exported out of the country.
B) It is a tax paid by individual states to the federal government for goods transferred across state lines.
C) It is a tax imposed by a government on goods that are imported into the country.
D) It is a limit on the amount of goods that can be imported into the country.
E) It is a limit on the amount of goods that can be exported out of the country.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed by a government on goods that are imported into the country to protect domestic industries from foreign competition, raise revenue, or both.

What Is a Tariff