Dash of Style, a leather products company in the U.S, imported leather goods worth $ 10,000 from China. When the consignment reached the U.S, the company had to pay a(n) _____ on the imports.
A) tariff
B) quota
C) embargo
D) excise tax

Question

Quizplus · Accepted Answer

A tariff is a tax imposed on imported goods. In this case, since Dash of Style imported leather goods from China, they would be required to pay a tariff upon the arrival of the goods in the U.S.

Dash of Style, a Leather Products Company in the U