In Most Cases,countries Use Tariffs to Reduce Foreign Competition,but Tariffs

question 44

Multiple Choice

In most cases,countries use tariffs to reduce foreign competition,but tariffs are also used

• A) to shorten supply chains.
• B) as a response to perceived unfair trade practices.
• C) to offer domestic discounts.
• D) to stimulate consumer demand.
• E) as a way to equalize quotas.

---

Definitions:

Allowance

An amount set aside as a reduction or probable future expenses or losses, such as an allowance for doubtful accounts.

Equipment

Tangible assets used in the operation of a business, such as machinery, tools, and vehicles, not intended for sale.

Partnership

A legitimate business partnership that involves several people who collaboratively oversee the operation and profit sharing.

Liquidation

The process of closing a business and distributing its assets to claimants, typically when the company is insolvent.