Suppose France imposes a tax on agricultural products from the United States to help its own farmers. This describes a(n)
A) revenue tariff.
B) preservation tariff.
C) embargo.
D) nontariff barrier.
E) protective tariff.

Question

Quizplus · Accepted Answer

France imposing a tax on agricultural products from the United States to help its own farmers indicates a protective tariff. A protective tariff is imposed to protect domestic industries from foreign competition by raising the price of imported goods.

Suppose France Imposes a Tax on Agricultural Products from the United