Recently, the Japanese government, under pressure from its domestic farm lobby, slapped government taxes on mushrooms, leeks, and the reeds used in tatami mats that were being imported from China. The taxes Japan levied are referred to as
A) WTO taxes.
B) quotas.
C) tariffs.
D) excise taxes.
E) subsidies.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods, which is what Japan did to the mushrooms, leeks, and reeds from China.

Recently, the Japanese Government, Under Pressure from Its Domestic Farm