Identify the True Statement About Tariffs and Trade Restrictions

question 15

Multiple Choice

Identify the true statement about tariffs and trade restrictions.

• A)Countries are not allowed to levy tariffs for political reasons.
• B)Protective tariffs allow more expensive domestic goods to compete with foreign ones.
• C)Critics of protective tariffs argue that their use inhibits free trade and competition.
• D)Countries cannot allow citizens traveling abroad to bring home merchandise without paying an import tariff.
• E)Quotas cannot be established by voluntary agreements.

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