A tariff can be defined simply as a

A) tax on imports.
B) tax on exports.
C) legal limit on imports.
D) legal limit on exports.

Tax on Imports

Levies placed by a government on goods coming into the country, often used to protect domestic industries or generate revenue.

Tariff

A tax imposed by a government on imported goods, often used to protect domestic industries and regulate trade balances.

Legal Limit

The maximum or minimum boundary set by law, such as for speed on roads, alcohol consumption, or transaction amounts.