Question

Tax on imports is an example of ______.

विकल्प

• Terms of trade

• Collateral

• Trade barriers

• Foreign trade

Answer 1

Tax on imports is an example of trade barriers.

Explanation:

Trade barriers are government policies that restrict free trade to protect domestic producers. Imposing import duties (taxes on imports) raises the price of foreign goods and reduces imports, so import taxes are explicitly classed as trade barriers.