The government of Lebitz, a European country, learns that low-priced textile imports from Pruneia, an Asian country, are affecting the sales of domestic textile companies. The Lebitzian government decides to levy a 6% tax on all textile goods imported from other countries. In this scenario, which of the following trade restrictions does the Lebitzian government impose?

Question

Quizplus · Accepted Answer

A tariff is a tax imposed on imported goods, which is what the Lebitzian government is implementing by levying a 6% tax on textile imports.

The Government of Lebitz, a European Country, Learns That Low-Priced