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.

Which of the following statements defines ‘import tariff’?Import tariffs are when the government encourages international suppliers to bring their products into the country.Import tariffs are when countries agree to trade without charging each other for imports and exports.Import tariffs are a tax placed on goods that arrive from international suppliers.Import tariffs are when the government limits the number of goods that can be brought into a country from international suppliers.Report feedbackPrevious

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

This is as a source of revenue for the government and for the protection of domestic producers. a. import Tariff b. Import Duty c. Customs Duty d. Import Tax e. All of the above

A country that imposes a tariff on imported goods is most likely to experience which benefit?A.Working conditions for domestic workers will improve relative to other countries.B.A wider variety of imported products will become available to consumers.C.The country will begin producing goods more efficiently than other countries.D.Goods produced by domestic companies will be cheaper than competing imports.

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.