A tariff is
A) a licensing regulation that limits imports.
B) a quantitative restriction of imports.
C) a tax on an imported good.
D) an agreement to restrict the volume of exports.

Name: A tariff is A) a licensing regulation that limits imports. B) a quantitative restriction of imports. C) a tax on an imported good. D) an agreement to restrict the volume of exports.
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Question

Quizplus · Accepted Answer

A tariff is a tax imposed on imported goods, making them more expensive and less competitive compared to domestic products.

A Tariff Is