31
practice examMultiple Choice

Practice Exam

Question 31 • Personal Finance and Economics

A tariff is a type of

Answer
A
punishment.
B
grant.
C
subsidy.
D
tax.

Explanation

A tariff is a tax charged on goods imported from another country. It can make imported products more expensive and protect domestic producers from foreign competition. Therefore, the correct choice is tax.

AI-written and checked against the verified answer.

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