Answered: A tariff is: A tax on exported…

A tariff is: A tax on exported goods. A source of revenue to the exporting nation. A tax on imported goods. A tax on foreign property. A form of quota.

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter18: International Trade And Finance

Section: Chapter Questions

Problem 7SQ

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Question

A tariff is:

A tax on exported goods.
A source of revenue to the exporting nation.
A tax on imported goods.
A tax on foreign property.
A form of quota.

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