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

Multiple Choice QuestionA country may attempt to protect its own domestic industries by imposing a(n) _____, a type of tax, on imported products.Multiple choice question.tariffembargotrade deficitimport quota

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 tariff is a tax on:Group of answer choicessavingscapital goodsimportsexports

Multiple Choice QuestionFor the United States, importing involves the purchase of goods and services from foreign sources while exporting involves ______.Multiple choice question.selling domestically-made products to U.S. consumersbuying merchandise that has been produced overseasbuying products from foreign marketsselling goods and services to foreign markets

Tariffs on imported products are imposed for which of the following reasons?Group of answer choicesTo assert political objectivesProtection of domestic industriesAll of the these are correctCollection of revenue