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Browse: Home / MONEY / Taxes

What explains the difference between a tax and a tariff?

Dina: What explains the difference between a tax and a tariff?
What explains the difference between a tax and a tariff?

A. Taxes are paid on domestic economic activity while tariffs are paid on international trade.
B. Taxes are a form of public revenues while tariffs are a form of public debt.
C. Taxes are charged on income and wealth while tariffs are charged on sales.
D. Taxes are spent on social support programs while tariffs are spent on national defense.

Answers and Views:

Answer by The Corinthian
a – A tariff is a tax on goods upon importation.

Related Questions:

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