ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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political boundaries between nations
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military blockades of specific countries
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disputes between state governments over boundaries
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taxes on the import or export of goods from a country
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Detailed explanation-1: -tariff, also called customs duty, tax levied upon goods as they cross national boundaries, usually by the government of the importing country. The words tariff, duty, and customs can be used interchangeably.
Detailed explanation-2: -There are two types of tariffs, an import tariff and an export tariff. As you can tell by their names, an import tariff is put on goods being imported into the country from abroad. An export tariff is put on goods being sent abroad. The import tariff and the export tariff are often different values.
Detailed explanation-3: -A tariff or duty (the words are used interchangeably) is a tax levied by governments on the value including freight and insurance of imported products.
Detailed explanation-4: -A tariff is a tax on imports or exports of goods between countries. Tariffs are a form of regulation of foreign trade and a policy that taxes foreign products to encourage or safeguard domestic industry.
Detailed explanation-5: -These include specific tariffs, ad valorem tariffs, compound tariffs, tariff-rate quotas, and retaliatory tariffs. A specific tariff is a tax imposed directly onto one imported good and does not depend on the value of that imported good.