Inicell Inc., an American camera manufacturing company, wanted to import a few camera parts from Ruelia, an Asian company. However, the American government passed a taxation law that stated that a tax of 4% would be levied on all electronic imports. In this scenario, the American government imposed a(n) _____.

Question

Quizplus · Accepted Answer

A tariff is a tax imposed by a government on imported goods. In this case, the American government imposed a 4% tax on electronic imports, which is a tariff.