A tariff is
A) a restriction on the quantity of imported goods allowed into the country.
B) a foreign bond.
C) a barter arrangement between importers and exporters.
D) a tax on imported goods.
E) an order for foreign goods that have not yet been delivered.

Question

Quizplus · Accepted Answer

A tariff is a tax placed on imported goods, making them more expensive for consumers and businesses. This is often used as a way to protect domestic industries and encourage the purchase of locally made products.

A Tariff Is