Tax on import is an example of which among the following?
(A) Foreign trade
(B) Trade Barrier
(C) Economic growth
(D) Globalisation
Correct Answer : Trade Barrier
Question Asked : SSC Multi-Tasking Staff Exam 2017
Explanation : Trade barriers are government-induced restrictions on international trade. The most common barrier to trade is a tariff-a tax on imports. Tariffs raise the price of imported goods relative to domestic goods (goods produced at home).
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