The taxes that a country levies on goods shipped into it from other countries Group of answer choicestariffs.import taxes.export taxes.excise taxes. None of these answers are correct.

A country decides to levy a tax on goods brought into the country from a foreign nation. Which of the following refers to this type of tax?Multiple Choiceimport tariffvalue added taxquotavoluntary export restraints

A tariff is a tax on:Group of answer choicessavingscapital goodsimportsexports

This is as a source of revenue for the government and for the protection of domestic producers. a. import Tariff b. Import Duty c. Customs Duty d. Import Tax e. All of the above

Specific tariffs areA) import taxes stated in specific legal statutes.B) import taxes calculated as a fixed charge for each unit of imported goods.C) import taxes calculated as a fraction of the value of the imported goods.D) the same as import quotas.E) import taxes calculated based solely on the origin country.

What is a tariff?*A tax charged on a person’s incomeA tax charged on goods and services leaving a countryA tax charged on goods and services coming into a country