Economics · International Trade
In international trade, what is the definition of a 'tariff'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1An absolute ban on foreign trade items
- 2A direct restriction on the quantity of imports
- 3A subsidy granted to exporters
- 4A tax imposed on imported goods✓
Correct answer
A tax imposed on imported goods
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