Tariffs Are Designed to Achieve All of These Results EXCEPT

question 246

Multiple Choice

Tariffs are designed to achieve all of these results EXCEPT

• A) increase revenues for the government.
• B) increase the price of the imported commodity.
• C) protect domestic workers from the full impact of international competition.
• D) prohibit the importation of foreign-made commodities.

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Definitions:

Idea Generation

The inventive method of creating, shaping, and transmitting original ideas.

Finding Approach

A method or strategy used to discover or uncover specific information, solutions, or resources.

Unmet Needs

The gaps in the market where demand for a product, service, or solution exists but is not currently being met by the supply.

Entrepreneurs

Individuals who undertake the creation, organization, and management of a business venture, along with its risks, in order to make a profit.