High tariffs have the effect of restricting

Related MCQs

• By restricting imports through the quota system, the deficit is
• Ad valorem tariffs are
• Specific tariffs are assessed
• Effects of tariffs included
• A trade policy without tariffs and other quantitative restrictions blocking the movement of goods between countries is
• The tariffs or duties levied upon goods originating from abroad and scheduled for the home country are
• On the basis of retaliation, tariffs can be of the types of
• When government imposed tariffs, it results in improvement of
• The positive effect of a tariff is, when there is an increase in the welfare of a country due to
• Which of the following is not the effect of tariff?