Which of the following can be categorized as a tariff?
A)A tax exemption provided to domestic firms that import goods from foreign countries.
B)A tax levied on domestic exporters to maintain product quality.
C)A tax levied on foreign producers to prevent dumping of goods.
D)A tax exemption on agricultural produce to help domestic farmers.

Question

Quizplus · Accepted Answer

A tariff is a tax levied on imported goods to protect domestic industries. Option C mentions a tax on foreign producers to prevent dumping of goods, which fits the definition of a tariff. The other options do not involve taxes on imported goods and therefore cannot be categorized as a tariff.

Which of the Following Can Be Categorized as a Tariff