A tariff is a
A) subsidy on an exported good.
B) tax on an imported good or service.
C) subsidy on an imported good.
D) tax on an exported good or service.

Name: A tariff is a A) subsidy on an exported good. B) tax on an imported good or service. C) subsidy on an imported good. D) tax on an exported good or service.
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Question

Quizplus · Accepted Answer

A tariff is a tax imposed by a government on goods and services imported from other countries, making imported goods more expensive to encourage the purchase of domestic goods.

A Tariff Is a