In the context of international trade, what does the term 'tariff' mean?

Show Answers

The cost of products as they exit the exporting nationA restriction on the volume of goods allowed into a countryA duty imposed on imported productsFinancial support from the government to promote exports

Explanation

Option A refers to the price of goods leaving the producing country, not a tariff. Option B describes a quota, which limits import quantities. Option C correctly defines a tariff as a tax on imported goods. Option D is about subsidies, which are government payments to boost exports.