WESTWARD EXPANSION INDUSTRIALIZATION URBANIZATION 1870 1900
WESTWARD EXPANSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tax
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Tax on exported goods
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Tax on imported goods
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Tax on manufactured goods
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Detailed explanation-1: -A tariff is a tax imposed by one country on the goods and services imported from another country to influence it, raise revenues, or protect competitive advantages.
Detailed explanation-2: -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-3: -A tariff is a tax imposed by a government on goods and services imported from other countries that serves to increase the price and make imports less desirable, or at least less competitive, versus domestic goods and services.
Detailed explanation-4: -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-5: -The most common is an ad valorem tariff, which means that the customs duty is calculated as a percentage of the value of the product.