Economics · International Trade
In international trade, what does a 'Tariff' refer to?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A direct tax levied on the final retail sale of goods
- 2An excise duty levied on domestic industrial production
- 3A tax or duty imposed by a government on imported goods✓
- 4A subsidy granted by the government on exported goods
Correct answer
A tax or duty imposed by a government on imported goods
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