Tariffs refer to
A) government payments to companies or industries that primarily serve to create competitive advantage for domestic products.
B) government taxes on products or services entering a country that primarily serve to raise prices on imports.
C) a restriction placed on the amount of a product allowed to enter or leave a country.
D) a minimum requirement for the purchase between two or more nations of products or services.
E) a refusal to purchase or exchange products or services with another nation unless certain financial or ideological requirements have been satisfied.
Correct Answer:
Verified
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