Economic-A "tariff" is a tax on ??

Question

A "tariff" is a tax on

savings.

capital goods.

imports.

land.

Answer 1

imports

Answer 2

A tariff is a tax on goods upon importation. When a ship arrives in port a customs officer inspects the contents and charges a tax according to the tariff formula. Since the goods cannot be landed until the tax is paid, it is the easiest tax to collect, and the cost of collection is small. Traders seeking to evade tariffs are known as smugglers.