Which of the following is an example of a tariff?
Which of the following is an example of a tariff?
(a) A regulation specifying that each imported Honda must meet certain emission exhaust guidelines.
(b) A tax of 10% of the value of each Honda purchased in Japan.
(c) A tax of $500 on each Honda imported from Japan.
(d) A limit on the total number of Hondas that can be imported from Japan.
Homework Answers
tax of 10% of the value of each Honda automobile imported from Japan.
A tariff is a tax on imports or exports between sovereign states. It is a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry.
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