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Economics (AS & A Level) · May / June 2025 · Paper 11 · Question 27

9708Protectionism

Which statement correctly describes a tariff?

  1. AIt is a complete ban on imports.
  2. BIt is a minimum price for domestic producers.
  3. CIt is a payment to exporters.
  4. DIt is a tax imposed on imports.

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Correct answer: D. It is a tax imposed on imports.

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