The most common tariffs used today are the ________ tariffs.
A) import
B) transit
C) inverted
D) export

Question

Quizplus · Accepted Answer

Import tariffs are the most commonly used tariffs today. They are imposed by a government on goods imported into a country and are designed to protect domestic industries by making imported goods more expensive. Transit tariffs apply to goods passing through a country, inverted tariffs are where tariffs on finished products are lower than on the raw materials used to make them, and export tariffs are levied on goods leaving a country.

The Most Common Tariffs Used Today Are the ________ Tariffs