A tariff is:
A) a duty that a company must pay its own government on exports.
B) the price charged by one country to buyers of a good in another country.
C) a price reduction designed to encourage international trade.
D) a tax on an import.
Correct Answer:
Verified
Q65: Exhibit 15-3 Potatoes and wheat output
Q66: Exhibit 15-4 Coffee and tea output
Q67: A tariff has the effect of:
A) raising
Q68: Exhibit 15-4 Coffee and tea output
Q69: When a nation totally bans trade with
Q71: Tariff rates on products imported into the
Q72: Which of the following statements is true
Q73: Exhibit 15-4 Coffee and tea output
Q74: Suppose the United States decides to impose
Q75: Protective tariffs help a nation reach which
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