__________ imposed on bananas by European Union countries cost consumers $2 billion a year in higher prices.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods, in this case, bananas. The European Union imposes tariffs on bananas from non-EU countries to protect their own producers. This results in higher prices for consumers who purchase bananas in European Union countries. The estimated cost of these tariffs is $2 billion per year.

__________ Imposed on Bananas by European Union Countries Cost Consumers