A tariff is a tax on imports, imposed by a government to generate revenue or protect domestic industries from foreign competition. It increases the price of imported goods, making them less attractive to domestic consumers, and can result in trade tensions between countries.

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A Tariff

Question 106

Multiple Choice

A tariff

A) is a strict enforcement of health laws.
B) is a voluntary agreement between two countries to limit exports.
C) is a tax on imports.
D) is a limit on the quantity of a good that can be imported into a country.
E) subsidizes the production of goods leaving the country.

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