Government taxes on products or services entering a country that primarily serve to raise prices on imports are known as

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BlackTom AI · Accepted Answer

The question asks about government taxes on goods or services entering a country that primarily aim to raise prices on imports.
Option 1: trade subsidies. A subsidy is financial support provided to domestic producers, not a tax on imports, so this does not answer the definition given.
Option 2: foreign excise taxes. An excise tax is a tax on a specific good, often applied domestically, and the term here does not specify that it applies to imports; plus it isn’t the standard label for import taxes, so this is misleading.
Option 3: quotas. Quotas are quantity limits imposed on imports, not taxes; they restrict how much can enter rather than how expensive they are, so this fails to match the described mechanism.
Option 4: WTO taxes. There is no recognized category called WTO taxes; referencing a nonstandard term makes this option incorrect.
Option 5: tariffs. A tariff is a tax imposed on imports, which raises the price of imported goods and serves to protect domestic markets; this directly matches the description in the question.
This analysis shows why the other options do not fit the concept of an import tax designed to raise prices, while tariffs precisely fit that definition.

MKT250002.2025FA POM Quiz 2, Chs 6 - 10- Requires Respondus LockDown Browser

Government taxes on products or services entering a country that primarily serve to raise prices on imports are known as

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