Economics A-Level

Tariff

What Tariff means in Economics A-Level, as defined for AQA.

Definitions of Tariff

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Reference: AQA

A tax imposed on imported goods, which raises their price, reduces domestic demand for imports, and generates tax revenue for the government.

AQA · Trade

A charge on imports that shifts the perfectly elastic world supply curve upwards by the tariff amount, raising the domestic price.

AQA · Trade

Topics that use Tariff

Trade (AQA A-Level)

Related terms

Using Tariff in the exam

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All Economics A-Level terms