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9 February, 15:28

Canada is considering imposing a tax on imports of Chinese solar panels. This action would be best described as a subsidy. voluntary export restraint. quota. tariff. In general, which of the statements is most likely to occur as a result of the proposed tax on imported solar panels

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  1. 9 February, 15:37
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    D) Tariff

    Revised Question:

    Canada is considering imposing a tax on imports of Chinese solar panels. This action would be best described as,

    A) Subsidy

    B) Voluntary export restraint

    C) Quota

    D) Tariff

    Explanation:

    Tariff is a type of tax imposed on imports from a particular country to restrict the import of a particular product. It is used as a tool to safeguard the domestic industry as prices of a product rises when imposed tariff.
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