Multiple Choice
A tariff is
A) a limit on the quantity of a good that can be imported into a country.
B) a tax on imports.
C) a government payment made to domestic firms to encourage exports.
D) a payment made by the government to producers of the product.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q89: Refer to the information provided in Figure
Q90: In the mid-1970s, the United States switched
Q91: The Smoot-Hawley tariff increased the average tariff
Q92: Refer to the information provided in Figure
Q93: _ portion of actual world trade patterns
Q95: If the exchange rate between the United
Q96: If a nation has _ status conferred
Q97: A tariff on tires benefits domestic producers
Q98: According to the theory of comparative advantage,
Q99: Refer to the information provided in Figure