What is the main purpose of most tariffs and quotas?
A) To raise revenue for the government.
B) To reduce the prices consumers pay for goods and services.
C) To reduce the foreign competition that domestic firms face.
D) To improve the quality of goods and services imported into the country.
Correct Answer:
Verified
Q111: Which of the following is true about
Q119: Which of the following is the best
Q120: Figure 13.1 Q123: An agreement negotiated by two countries that Q144: A tariff is a numerical limit on Q148: Distinguish between a voluntary export restraint and Q149: A quota is the same as a Q161: One reason for the success that firms Q169: Economists believe the most persuasive argument for Q335: Many people assume that if child workers![]()
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