A country raises the tariff on imported cheese in order to increase its price above the price of domestically produced cheese.This is an example of _____.
A)an exchange control
B)a quota
C)a protective tariff
D)dumping

Question

Quizplus · Accepted Answer

This is an example of a protective tariff, which is a tax on imports designed to protect local industries from foreign competition by increasing the price of foreign goods. In this case, the goal is to make imported cheese more expensive than domestically produced cheese.

A Country Raises the Tariff on Imported Cheese in Order