To discourage dumping activities and to maintain a trade surplus, the government of Alburnark has imposed high taxes on the import of foreign products in the country. In the given scenario, the government of Alburnark has used _____ to restrict imports.
A) subsidies
B) tariffs
C) block grants
D) quotas

Question

Quizplus · Accepted Answer

The government of Alburnark has used tariffs, which are taxes imposed on imported goods, to restrict imports. This measure makes foreign products more expensive, thereby discouraging dumping and protecting domestic industries.

To Discourage Dumping Activities and to Maintain a Trade Surplus