Question at position 37 Tariffs or duties are taxes imposed by governments on imported goodsTrueFalse

Question

BlackTom AI · Accepted Answer

Consider the statement presented: Tariffs or duties are taxes imposed by governments on imported goods.
Option 1: True. This is the standard definition of tariffs or duties in international trade. Tariffs are fiscal charges levied specifically on goods as they cross national borders, typically assessed to protect domestic industries, raise government revenue, or influence trade policy. The mechanism is a form of indirect taxation applied to imports.
Option 2: False. This would be inaccurate because tariffs and duties are not general taxes on all goods or activities within a country, but targeted charges on goods that are imported. Claiming they are not taxes, or that they apply to domestic goods equivalently, overlooks the cross-border nature and the fiscal/approval purposes of tariffs.
Option 1 reinforces both the fiscal aspect of government revenue and the regulatory role tariffs play in shaping trade flows, whereas Option 2 mischaracterizes the scope and nature of tariffs, which are specifically tied to imports rather than being a broad domestic tax on all goods or services.
In summary, tariffs/duties function as taxes levied on imported merchandise, aligning with international trade practice and economic policy instruments; the statement is correct, and the alternative would misrepresent the concept.

Question at position 37 Tariffs or duties are taxes imposed by governments on imported goodsTrueFalse

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Question at position 37 Tariffs or duties are taxes imposed by governments on imported goodsTrueFalse

View Explanation

Log in for full answers

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Tariffs artificially goods' prices and goods' demand.