An export tariff is:
A) a tax applied by the country importing the product.
B) a tax applied by the country exporting the product.
C) a limitation on the quantity of exports applied by the country exporting the product.
D) a limitation on the quantity of exports applied by the country importing the product.

Question

Quizplus · Accepted Answer

An export tariff is a tax applied by the country exporting the product, on the products that are being exported from that country. The purpose of an export tariff is to restrict the amount of products being exported from the country and discourage the export of raw materials, as they may be in short supply for domestic industries.

An Export Tariff Is