What Is the Disadvantage of Letting the Absence of Further

question 29

Essay

What is the disadvantage of letting the absence of further concessions convey the message of the final offer?

---

Definitions:

Tariffs

Taxes imposed on imported goods and services, primarily used to protect domestic industries and to generate revenue.

Revenue Tariffs

Taxes imposed by governments on imported goods with the primary purpose of generating revenue rather than protecting domestic industries.

Protective Tariffs

Import taxes imposed by countries to protect domestic industries from foreign competition by making imported goods more expensive.

Import Quotas

Limits set by a government on the amount or value of goods that can be imported into a country.