The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-Which of the following is a tool of commercial policy?

Question

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5
 
-Which of the following is a tool of commercial policy?

Quizplus · Accepted Answer

A tariff is a tax on imported goods, which is a tool of commercial policy. Corporate income tax and payroll tax are types of taxation on businesses and employees, respectively, which are not specific to international trade. Excise duty is a tax on specific goods produced or sold within a country, which also does not directly relate to international trade. Octroi duty is a tax charged on goods entering or exiting specific areas, typically within a city, and is not commonly used in modern commercial policy.

The Table Below Shows the Quantity Demanded (In Thousands) and Quantity