Which of the following statements is NOT true?
A) Tariffs are a source of government revenue.
B) Tariffs protect domestic producers.
C) Tariffs lower the effective prices of imports.
D) Tariffs can cause inefficiency in production.
Correct Answer:
Verified
Q50: Tariff-quotas are used extensively in the trade
Q106: Which of the following is a reason
Q107: A _ tariff is levied on an
Q108: A quota that a nation imposes on
Q109: A(n) _ tariff is levied as a
Q110: Which of the following is NOT a
Q112: All of the following statements are true
Q113: Suppose imports entering a nation under a
Q114: If a country stipulates that a specified
Q115: Using tariffs to generate government revenue is
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