When Britain refused to buy bananas from South America, the US government, as a means of helping its trade partners, legislated taxes on some imported British-produced goods. These taxes included a nearly 100-percent charge on Scottish wool products. What is another term for this charge?
A)a quota
B)an export duty
C)a licence
D)a tariff

Question

Quizplus · Accepted Answer

The charge imposed on Scottish wool products is a type of tax on imports, which is known as a tariff. A quota typically limits the quantity of goods that can be imported from a specific country, an export duty is a tax applied to goods leaving a country, and a license is a permit required to import or export certain goods.

When Britain Refused to Buy Bananas from South America, the US