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WAEC Commerce 2013 Question 39

Question 39

Foreign Trade

A tariff refers to

  1. A.fees imposed on contraband goods.
  2. B.fees paid on exports.
  3. C.taxes imposed on imported goods.
  4. D.taxes paid on home-made goods.
Show the answer and explanation

Answer: C (taxes imposed on imported goods.)

Explanation

A tariff is a tax on imports.