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A government charges a tax on goods and services arriving from abroad. That tax is a:
ALevy rebate
BImport tariff
CSales voucher
DExport credit
Answer & Solution
Correct answer: B. Import tariff
1. It falls on imports.
2. It is collected by the government.
3. It is a tariff.
_Source: OpenStax Principles of Economics 3e, Chapter 34, Globalization and Protectionism._
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