Which of the following statements best describes a protective tariff?
A) an excise tax that is usually applied to products that are not produced domestically in order to raise revenues for government
B) an excise tax that is designed to put foreign producers at a competitive disadvantage in selling in domestic markets
C) a specification of the maximum amount of a product that may be imported in any period of time that is often used to protect domestic producers of a product
D) such activities as restricting the issuance of licenses for imported products or setting unreasonable standards for quality or safety in order to restrict imports and protect
Domestic markets
Correct Answer:
Verified
Q222: Which of the following statements is true
Q223: An example of a nontariff barrier would
Q224: Q225: A tariff is a Q226: Q228: Q229: An import-licensing requirement or import restrictions pertaining Q230: A maximum limit set on the amount Q231: If a nation exports a product, then Q232: Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) tax.
B) price ceiling.
C)
