Tariffs are designed to achieve all of these results EXCEPT
A) increase revenues for the government.
B) increase the price of the imported commodity.
C) protect domestic workers from the full impact of international competition.
D) prohibit the importation of foreign-made commodities.
Correct Answer:
Verified
Q191: Trade restrictions occur because the benefits of
Q192: (Figure: Gadgets and Widgets) The graph shows
Q193: Governments prefer tariffs over quotas because
A) consumers
Q194: A country that does not trade at
Q195: If a tariff on steel is imposed
A)
Q197: Environmental protection is an income-elastic good. This
Q198: The main reason for trade restrictions is
Q199: Which of these has NOT contributed to
Q200: A tariff leads to an increase in
Q201: (Table) Macrostan and Econostan are neighboring countries
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