A(n)__________ is a tax or duty levied on the traded commodity as it enters a nation.
A)ad valorem tariff
B)compound tariff
C)optimum tariff
D)import tariff

Question

Quizplus · Accepted Answer

An import tariff is a tax or duty imposed on the import of goods from other countries. It raises the cost of imported goods and makes them less competitive in the domestic market compared to domestically produced goods, thereby enhancing the domestic industry's competitiveness.

A(n)__________ Is a Tax or Duty Levied on the Traded