Which of these is the BEST example of a tariff? A) Japan did not allow rice to be imported until 1994. B) North Korea will not export any goods into the United States. Eliminate C) China adds 25% to the cost of all cars imported into the country. D) The United States allows no more than 550 tons of steel from South Korea.

Question

Social Studies

Kaden Mcdonald

22 July, 13:58

Which of these is the BEST example of a tariff? A) Japan did not allow rice to be imported until 1994. B) North Korea will not export any goods into the United States. Eliminate C) China adds 25% to the cost of all cars imported into the country. D) The United States allows no more than 550 tons of steel from South Korea.

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Answers (1)

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Rowan Peters · Answer 1

Option C : China adds 25% to the cost of all cars imported into the country.

Explanation:

Let us first define what Tariff means. Tariff means implementing a tax duty on a certain product so as to regulate its import or export.

From above information it is evident that option A and B are incorrect as its was a ban on import and duty addition. Similarly, option D is also not tariff but it falls into the category of quota as there is a limit on the import quantity. Hence, option C is correct as china added 25% as a duty on imports.