Economics · International Trade
Which of the following best defines a 'tariff' in international trade law?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A legal restriction on domestic pricing
- 2A tax imposed on imported or exported goods✓
- 3A ban on all foreign investment
- 4A non-binding trade recommendation
Correct answer
A tax imposed on imported or exported goods
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