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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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Answer:

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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