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regina nana regina nana
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4 years ago
A tariff is

▸ a government payment made to domestic firms to encourage exports.

▸ the difference between the price a product sells for in the country it is produced in and the price it is sold for in another country.

▸ a limit on the quantity of a good that can be imported into a country.

▸ a tax on imports.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
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meigsflameigsfla
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regina nana Author
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4 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
SupremeDJ
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Helped a lot
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2 hours ago
this is exactly what I needed
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