Which Is the Correct Statement Regarding Tariffs and Trade Restrictions

question 29

Multiple Choice

Which is the correct statement regarding tariffs and trade restrictions?

• A)Supporters of protective tariffs say they insulate new domestic industries against well-established foreign competitors.
• B)Tariffs are part of a country's legal structure,and thus,cannot established or removed for political reasons.
• C)Countries cannot control their foreign trade by forcing businesspeople to buy and sell foreign products through central banks.
• D)Embargoes are created to encourage the trade of particular products.
• E)Items purchased in different countries cannot have different tariffs if the items are identical.

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