Multiple Choice
A tariff can best be described as
A) an excise tax on an imported good.
B) a government payment to domestic producers to enable them to sell competitively in world markets.
C) an excise tax on an exported good.
D) a law that sets a limit upon the amount of a good that can be imported.
Correct Answer:
Verified
Related Questions
Q21: Statement I: Much of our trade problem
Q22: If the U.S.imposes a tariff on autos
Q23: An import quota does which of the
Q24: When a country exports fewer goods and
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