Tariffs are taxes imposed by governments on imports, not exports.

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Multiple Choice

Tariffs are taxes imposed by governments on imports, not exports.

Explanation:
Tariffs are taxes on goods crossing borders. They are most commonly charged on imports to raise revenue and protect domestic industries. However, governments can also impose tariffs on exports (export duties) in some cases, which means the idea that tariffs apply only to imports and never to exports isn’t accurate. Because tariffs can target both sides of trade, the statement isn’t strictly true, making the broader statement false.

Tariffs are taxes on goods crossing borders. They are most commonly charged on imports to raise revenue and protect domestic industries. However, governments can also impose tariffs on exports (export duties) in some cases, which means the idea that tariffs apply only to imports and never to exports isn’t accurate. Because tariffs can target both sides of trade, the statement isn’t strictly true, making the broader statement false.

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