Question

A government tax imposed on goods or products entering a country.

a. Import tariff (duty)
b. Import quotas
c. Imports
d. Import dependence

Answer 1

Tariffs are taxes that governments impose on imported goods, making them more expensive for consumers and discouraging imports.

Step-by-step explanation:

Tariffs are taxes that governments impose on imported goods and services. They make imports more expensive for consumers, discouraging imports and protecting domestic industries by raising the prices of foreign goods. For example, the U.S. has imposed a 5% tariff on large, flat-screen televisions imported from China.