A tariff is a tax on raw materials and manufactured goods that are produced _________ and sold _________.

Question

Quizplus · Accepted Answer

A tariff is a tax on raw and manufactured goods that are produced overseas and sold domestically.
Key Takeaway: World trade has allowed countries to exchange goods. To protect domestic producers, countries often charge a tax known as a tariff on goods that are produced overseas and sold domestically. Countries usually engage in trade agreements in order to manage the amount of tariffs charged on items imported to their individual countries.

A Tariff Is a Tax on Raw Materials and Manufactured