Question

Which of these is the BEST example of a tariff? A) Japan did not allow rice to be imported until 1994. B) North Korea will not export any goods into the United States. Eliminate C) China adds 25% to the cost of all cars imported into the country. D) The United States allows no more than 550 tons of steel from South Korea.

Answer 1

Step-by-step explanation:

D

Answer 2

Option C : China adds 25% to the cost of all cars imported into the country.

Step-by-step explanation:

Let us first define what Tariff means. Tariff means implementing a tax duty on a certain product so as to regulate its import or export.

From above information it is evident that option A and B are incorrect as its was a ban on import and duty addition. Similarly, option D is also not tariff but it falls into the category of quota as there is a limit on the import quantity. Hence, option C is correct as china added 25% as a duty on imports.