A tariff is a tax imposed on
ECONOMICS
JAMB 2023
A tariff is a tax imposed on
- A. Consumer goods
- B. Domestic goods
- C. Imported goods
- D. Exported goods
Correct Answer: C. Imported goods
Explanation
A tariff is a tax that a country imposes on its imports, sometimes to protect domestic industries from foreign competition. Therefore, the correct answer is 'Imported goods'.
Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *