A tax on an imported product designed to raise revenue or protect domestic firms is referred to as a(n) ________.
A) exchange
B) excise
C) fine
D) quota
E) tariff
Answer: E) tariff
A tax on an imported product designed to raise revenue or protect domestic firms is referred to as a(n) ________.
A) exchange
B) excise
C) fine
D) quota
E) tariff
Answer: E) tariff