ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The correct answer is “c. The U.S. imposes a tax on sugar imported from Brazil.” This is the only answer choice that involves a tax being placed on an import. A tariff is one of the most common trade barriers, and it is a tax on an import.

Detailed explanation-2: -Tax on imports is an example of Trade Barrier.

Detailed explanation-3: -Terms in this set (15) Example: The U.S. president increased the amount of imported peanuts allowed into the country by 100 million pounds per year. Example: In 1963, President Kennedy issued sanctions, which prohibited all trade with Cuba.

Detailed explanation-4: -Answer: Tax on imports is known as a trade barrier because it increases the price of imported commodities.