The tariff rates which are based on trade agreements or treaties with other countries is known as
A)Revenue tariffs
B)Protective tariffs
C)Multiple column tariff
D)Conventional tariff

Question

Quizplus · Accepted Answer

Conventional tariffs are those established through trade agreements or treaties between countries, where the terms of the tariffs are negotiated and agreed upon by the participating nations.

The Tariff Rates Which Are Based on Trade Agreements or Treaties