QUESTION IMAGE
Question
a tariff is:
select one:
a. a subsidy
b. a tax on imports
c. a quota
d. a tax on exports
Brief Explanations
A tariff is defined as a tax imposed by a government on goods brought into the country from abroad, which aligns with option b. Subsidies (a) are financial aids, quotas (c) are quantity limits on imports, and taxes on exports (d) are separate from tariffs.
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b. A tax on imports