Which of the Following Is True of Tariffs

question 196

Multiple Choice

Which of the following is true of tariffs?

• A) They encourage international trade.
• B) They are special taxes levied on exports.
• C) They reduce the volume of imports.
• D) They decrease the prices of exports.

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Definitions:

Unconscionability

A situation where a contract or term is so unjust or overwhelmingly one-sided that it is deemed unenforceable by the law.

Misrepresentation

A false statement of fact made by one party to another, which induces the latter to enter into a contract.

Electronic Organ

An electronic keyboard instrument designed to mimic the sound and function of a traditional pipe organ.

Undue Influence

A situation where an individual is able to influence another person's decision-making process or consent through improper pressure or manipulation.