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Select the items that describe a tariff.

tax on an imported good provides government revenue can cause other...

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Select the items that describe a tariff.

tax on an imported good provides government revenue can cause other countries to impose tariffs reduces monopoly behavior

Answer

By definition, a tariff is a tax on exports or imports, or sometimes referred to as the international trade tariff.
The item that best describe a tariff is that it is the "tax on an imported good."
Tariffs are imposed to a certain country or place in order for the exporter or importer to pay the entry of their goods.

Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 25 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 197 views.

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