1) A tax on an imported product designed to raise revenue or protect domestic firms is referred to as a(n) ________.
A) exchange
B) excise
C) fine
D) quota
E) tariff
2) A country may place a limit on the volume of imported citrus fruit that is allowed. This is an example of a(n) ________.
A) quota
B) tariff
C) customs duty
D) fine
E) excise duty