One of the Main Purposes of a Tariff Is to

question 205

Multiple Choice

One of the main purposes of a tariff is to

• A) raise the price of an import above the world price.
• B) compensate importers for losses due to fluctuating exchange rates.
• C) reduce the price of imports to make them more affordable.
• D) increase the supply of imports.

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Definitions:

Operational Index

A measure that provides insights into the efficiency, performance, or productivity of an organization's operations.

Demand for Labour

The total amount of workers that employers want to hire at a given wage rate and period.

Historical Relationship

The examination and understanding of how past interactions, patterns, or events influence current states or future developments.

Ratio Analysis

A quantitative method of projecting HR demand by analyzing the historical relationship between an operational index and the number of employees required.