4. The prohibitive tariff is a tariff thatA) is so high that it eliminates imports.B) is so high that it causes undue harm to trade-partner economies.C) is so high that it causes undue harm to import competing sectors.D) is so low that the government prohibits its use since it would lose an important revenuesource.E) is so low that it causes domestic producers to leave the industry.

Tariff obstacles are the following, except; a. Legal Restriction b. Import And Export Quotas c. Exchange Controls d. Protectionism e. Import and Export Tariffs

Tariffs on imported products are imposed for which of the following reasons?Group of answer choicesTo assert political objectivesProtection of domestic industriesAll of the these are correctCollection of revenue

Import tariffs:Question 1Select one:a.Are generally pro-consumer and anti-producer.b.Reduce the overall efficiency of the world economy.c.Create efficient utilization of resources.d.Reduce the price of foreign goods.

How do tariffs act as barriers to trade?A.They force imported goods to meet certain criteria.B.They tax imported goods in order to increase their price.C.They set limits on the total amount of imported goods.D.They use government funds to lower the cost of domestic goods.

Tariffs are NOT defended on the grounds that theyA) improve the terms of trade of foreign nations.B) protect jobs and reduce unemployment.C) promote growth and development of young industries.D) prevent over-dependence of a country on only a few industries.E) protect domestic producers from foreign low prices.