The correct answer to the question "A tax applied to imported goods" is **Tariff**.

### Explanation
A tariff is a government-imposed tax on imported goods, which is used to generate revenue for the government and to protect domestic industries from foreign competition. By making imported goods more expensive, tariffs can discourage consumers from purchasing foreign products, leading to an increase in the consumption of locally produced goods. This policy is a common economic strategy employed by countries to promote their own industries while managing international trade relations.

The other options provided do not accurately represent a tax on imports:
- **Capitalism** refers to an economic system based on private ownership and free markets.
- **Globalization** refers to the process of increased interconnectedness and interdependence among countries, particularly in terms of trade and communication.
- **Colonialism** involves the control or governing influence over a dependent country or territory by a foreign power.

Thus, **Tariff** is the most appropriate choice.

Question

The correct answer to the question "A tax applied to imported goods" is **Tariff**.

### Explanation
A tariff is a government-imposed tax on imported goods, which is used to generate revenue for the government and to protect domestic industries from foreign competition. By making imported goods more expensive, tariffs can discourage consumers from purchasing foreign products, leading to an increase in the consumption of locally produced goods. This policy is a common economic strategy employed by countries to promote their own industries while managing international trade relations.

The other options provided do not accurately represent a tax on imports:
- **Capitalism** refers to an economic system based on private ownership and free markets.
- **Globalization** refers to the process of increased interconnectedness and interdependence among countries, particularly in terms of trade and communication.
- **Colonialism** involves the control or governing influence over a dependent country or territory by a foreign power.

Thus, **Tariff** is the most appropriate choice.

Knowee AI · Accepted Answer

The correct answer to the question "A tax applied to imported goods" is **Tariff**.

### Explanation
A tariff is a government-imposed tax on imported goods, which is used to generate revenue for the government and to protect domestic industries from foreign competition. By making imported goods more expensive, tariffs can discourage consumers from purchasing foreign products, leading to an increase in the consumption of locally produced goods. This policy is a common economic strategy employed by countries to promote their own industries while managing international trade relations.

The other options provided do not accurately represent a tax on imports:
- **Capitalism** refers to an economic system based on private ownership and free markets.
- **Globalization** refers to the process of increased interconnectedness and interdependence among countries, particularly in terms of trade and communication.
- **Colonialism** involves the control or governing influence over a dependent country or territory by a foreign power.

Thus, **Tariff** is the most appropriate choice.

A tax applied to imported goodsGroup of answer choicesCapitalismTariffGlobalizationColonialism

Question

A tax applied to imported goods

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