A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the
A) Demand of the commodity
B) Price of the commodity
C) Level of welfare
D) Gains from trade
Correct Answer:
Verified
Q12: When a uniform rate of duty is
Q13: A quota system which allows a certain
Q14: The tariff rates which are based on
Q15: Which of the following is not included
Q16: imposition of a tariff improves the terms
Q18: The positive effect of a tariff is,
Q19: There is an improvement in the welfare
Q20: A trade policy without tariffs and other
Q21: Protection refers to a policy where
A)Export industries
Q22: A tax or duty levied on goods
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