A tax on a good that is imposed by the importing country is called a
A) tariff.
B) nontariff barrier.
C) quantitative restriction.
D) licensing regulation.
E) trade constraint.

Question

Quizplus · Accepted Answer

A tariff is a tax placed on imported goods by the importing country. This tax increases the price of the imported good, making it less competitive with domestic goods, and raises revenue for the government. Tariffs are a type of trade barrier and are often used to protect domestic industries, reduce trade deficits, or generate revenue for the government.

A Tax on a Good That Is Imposed by the Importing