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Which of these increases the price of certain foreign-made goods?

  • Question 7b of 10 - Tariffs

  • Maximum Attempts: 1
  • Question Type: Multiple Choice
  • Maximum Score: 2
  • Question: Which of these increases the price of certain foreign-made goods?
  • Answers:
  1. An import tariff
  2. An excise tax
  3. A sales tax
  4. An income tax

The correct answer is: An import tariff. Tariffs are charged on imported goods, and the cost of the tariff is passed on to the consumer in the form of higher prices.

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