If you wanted to set up a business importing amber jewelry from Latvia to the United States,you would have to plan on paying the U.S.Customs Service a government tax of roughly 11 percent of the value of the product as a(n)
A)bribe.
B)tariff.
C)subsidy.
D)excise tax.
E)quota.

Question

Quizplus · Accepted Answer

Tariffs are government taxes on products or services entering a country that primarily serve to raise prices on imports.

If You Wanted to Set Up a Business Importing Amber