alleryStart learning →A tax on imports is an example of a:
AExport subsidy
BImport quota
CTariff refund
DTrade barrier
Answer & Solution
Correct answer: D. Trade barrier
1. It makes imports costlier.
2. An import tax is a trade barrier.
3. Quotas limit the number of imports.
_Source: syllabus Understanding Economic Development, Chapter 4, Globalisation and the Indian Economy._
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