A tax imposed by a nation on an imported good is called_________________?
Correct answer: D. Tariff
- A. GNP
- B. Foreign exchange
- C. Net profit
- D. Tariff
Explanation
A tariff is a tax placed by a government on imported goods, usually to raise revenue or protect domestic producers. Foreign exchange refers to currencies and their conversion, not an import tax.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
Practise Agricultural Economics and Extension
190 free Agricultural Economics and Extension MCQs from Agriculture, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Agriculture questions like this
Agriculture is on this paper prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for it.
More Agricultural Economics and Extension questions
The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?
The amount by which a nation's import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
An economic system in which traditions and customs determine how the economy would use its scare resources ?
Nominal income adjusted for inflation__________________?
The branch of economics which analyze govt. revenues and expenditures is__________________?
A legally determined price above the equilibrium price is__________________?