Question

Which of these is the BEST example of a tariff?
A.
Japan did not allow rice to be imported until 1994.
B.
North Korea will not export any goods into the United States.
C.
China adds 25% to the cost of all cars imported into the country.
D.
The United States allows no more than 550 tons of steel from South Korea

Answer 1

C. China adds 25% to the cost of all cars imported into the country.

Reason: a tariff is a tax or duty on imported goods; adding 25% to the price is an ad valorem tariff. The others are bans or quotas.