The tariff rates which are based on trade agreements or treaties with other countries is known as

Related MCQs

• A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the
• A quota which established thorough mutual agreements or negotiation between countries is
• imposition of a tariff improves the terms of trade of the imposing country but reduces its
• A trade policy without tariffs and other quantitative restrictions blocking the movement of goods between countries is
• Which of the following is not the effect of tariff?
• A tariff or import duty which are a combination of the ad valorem and specific duty
• The tariff that maximizes a country’s welfare is called the
• On the basis of origin and destination of goods, tariff may be classified into
• The positive effect of a tariff is, when there is an increase in the welfare of a country due to
• Under the redistribution effect of tariff, the loss of consumer’s surplus is neither transferable to the produces nor to the government and is called by Kindleberger as the