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    Question

    If you wanted to set up a business importing amber from Denmark to Canada, you would have to plan on paying Canada Customs roughly 20 percent of the value of the product as a:

    A bribe. Correct Answer Incorrect Answer
    B tariff. Correct Answer Incorrect Answer
    C subsidy fee. Correct Answer Incorrect Answer
    D revenue. Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Tariffs, which are a government tax on goods or services entering a country, primarily serve to raise prices on imports.

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