A tariff can be described as __. The purpose of a tariff is to protect _. A)

ID: 1189440 • Letter: A

Question

A tariff can be described as ____. The purpose of a tariff is to protect ___.

A) either a tax on or a limit on the quantity of an imported good; domestic producers from foreign competition by raising the domestic price of the good.

B) either a tax on or a limit on the quantity of an imported good; domestic consumers from foreign competition by lowering the domestic price of the good.

C) a tax on an imported good; domestic consumers from foreign competition by lowering the domestic price of the good.

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Explanation / Answer

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

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A tariff can be described as ____. The purpose of a tariff is to protect ___. A)

A tariff is A tax on exports A tax on agricultural products A tax on imports A s

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A tariff can be described as ____. The purpose of a tariff is to protect ___. A)

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A tariff can be described as __. The purpose of a tariff is to protect _. A)