Question

Tax on imports is an example of:
(a) Terms of Trade
(b) Collateral
(c) Trade Barriers
(d) ForeignTrade

Answer 1

Answer:

trade barriers

Explanation:

Answer 2

Tax on imports is an example of Trade Barriers. (Option c)

• A trade barrier is anything that restricts the free flow of commerce.
• Tariff barriers (the imposition of conventional negotiated customs taxes in conformity with GATT Article II) and non-tariff barriers (all trade obstacles other than tariff barriers) are the two types of trade barriers.
• A trade barrier is something like a tax on imports.