Asked by
Trevor Wright
on Dec 12, 2024Verified
A tax levied on imported goods is called
A) an excise tax.
B) a quota.
C) a foreign profits tax.
D) a tariff.
Imported Goods
Goods brought into a country from abroad for sale.
Excise Tax
A tax levied on specific goods, services, or transactions, usually to discourage their use or generate revenue.
Tariff
A levy enforced by the government on products and services that are brought in from foreign countries.
- Acknowledge the effect of tariffs on domestic consumers and producers.
Verified Answer
KW
Learning Objectives
- Acknowledge the effect of tariffs on domestic consumers and producers.