alleryStart learning →Home › Bihar Board Class 12 (Commerce) › Business Studies › International Business › Who normally pays a tariff on imported goods?
Who normally pays a tariff on imported goods?
AForeign government
BThe importer
CShipping line
DThe exporter
Answer & Solution
Correct answer: B. The importer
The import duty is paid by the importer when goods enter the country.
Related questions
Which is one of two macro factors driving globalization?Two firms pooling resources to form a separate jointly owned entity create what?What is the business practice of licensing a business model to another company?Compared with domestic trade, international trade is typically what?The exchange of capital, goods and services across borders is called what?What are documents called that do not comply with the terms of a letter of credit?Which payment tool gives an exporter a guarantee from a creditworthy bank?Mercantilists believed that accumulating what made a country wealthier?