Which of the following is NOT true about a tariff?
A) It is a barrier to entry in a market.
B) It leads to a natural monopoly.
C) It is a tax.
D) It affects imported goods.

Question

Quizplus · Accepted Answer

Tariffs may create barriers to entry in a market and affect imported goods by raising their prices through taxes. However, they do not necessarily lead to a natural monopoly, as this would depend on other factors such as the cost structure of the industry.

Which of the Following Is NOT True About a Tariff