Economics · International Trade
What does the term 'Tariff' signify in the context of international trade?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A financial subsidy provided on exports
- 2A tax levied on goods produced within the country
- 3A quantitative limit on the volume of imports
- 4A tax or duty imposed on goods imported from other countries✓
Correct answer
A tax or duty imposed on goods imported from other countries
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