Multiple Choice
The country of Velvita is experiencing severe competition to its domestic auto industry in the form of foreign imports.Many jobs are threatened.Velvita places a 25 percent tariff on the price of imported cars.This type of tariff is known as a(n) _____ tariff.
A) revenue
B) quota
C) infant industry
D) protective
Correct Answer:
Verified
Correct Answer:
Verified
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