In today's world, most countries impose tariffs ?
Correct answer: A. only on imports
- A. only on imports
- B. only on exports
- C. on both imports and exports
- D. on imports exports and nontraded goods
Explanation
Tariffs are taxes imposed on goods entering a country, so they are generally import tariffs. Export restrictions may exist, but export tariffs are much less common in the modern trading system.
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