Question

If you wanted to set up a business importing amber from Denmark to Canada, you would have to plan on paying Canada Customs roughly 20 percent of the value of the product as a:

A bribe. Correct Answer Incorrect Answer
B tariff. Correct Answer Incorrect Answer
C subsidy fee. Correct Answer Incorrect Answer
D revenue. Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

Tariffs, which are a government tax on goods or services entering a country, primarily serve to raise prices on imports.

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