When government imposed tariffs, it results in improvement of

Related MCQs

• A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the
• 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
• High tariffs have the effect of restricting
• On the basis of retaliation, tariffs can be of the types of
• When a uniform rate of duty is imposed on all similar commodities irrespective of the country from which they are imported, it is called
• There is an improvement in the welfare of country only when the