Which One of the Following Would Best Describe a Protective

question 19

Multiple Choice

Which one of the following would best describe a protective tariff?

• A)an excise tax that is usually applied to products which are not produced domestically in order to raise revenues for government
• B)an excise tax that is designed to put foreign producers at a competitive disadvantage in selling in domestic markets
• C)a specification of the maximum amount of a product that may be imported in any period of time which is often used to protect domestic producers of a product
• D)such activities as restricting the issuance of licenses for imported products or setting unreasonable standards for quality or safety in order to restrict imports and protect domestic markets

---

Definitions:

Tutor

A tutor is an individual who provides one-on-one guidance and instruction to a student or learner, often in academic subjects or skills.

Paid

A status indicating that a financial obligation or debt has been fulfilled.

Voidable

Describes a legal agreement that may be declared invalid by one of the parties due to specific conditions such as fraud, coercion, or incapacity.

Minors

Individuals who are under the age of legal competence or adulthood, typically under 18 years old.