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    Microeconomics Study Set 2
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    Exam 9: Comparative Advantage and the Gains From International Trade
  5. Question
    A Tariff Is
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A Tariff Is

Question 9

Question 9

Multiple Choice

A tariff is


A) a limit placed on the quantity of goods that can be imported into a country.
B) a tax imposed by a government on goods imported into a country.
C) a subsidy granted to importers of a vital input.
D) a health and safety restriction imposed on an imported product.

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