A tariff is a tax on
A) all exported goods imposed by the WTO.
B) imported goods.
C) shipping containers.
D) foreign exchange transactions.

Name: A tariff is a tax on A) all exported goods imposed by the WTO. B) imported goods. C) shipping containers. D) foreign exchange transactions.
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Question

Quizplus · Accepted Answer

A tariff is a tax levied on goods or services that are imported into a country. It is imposed to make imported goods expensive so that locally produced goods or services can compete with the foreign products.

A Tariff Is a Tax on