A Main Purpose of Tariffs on Imports Is to ________

question 163

Multiple Choice

A main purpose of tariffs on imports is to ________.

• A) maintain domestic competitiveness
• B) increase imports
• C) stabilize foreign currencies
• D) promote free trade

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Definitions:

Wine Distribution

The process of transporting wine from the manufacturer to various retail locations or directly to consumers.

Merger

The combination of two or more companies into a single entity, often to enhance competitiveness and efficiency.

Learning Curves

A phenomenon in which experience leads to learning meaning that current production lowers future costs.

Economies Of Scope

Cost advantages that enterprises obtain by producing a wide variety of products, rather than specializing in the production of a single product or a very few products.