What Is the Purpose of Tariffs on Imports

question 49

Multiple Choice

What is the purpose of tariffs on imports?

• A) Maintaining domestic competitiveness
• B) Decreasing exports
• C) Increasing imports
• D) Subsidizing domestic industry
• E) Promoting free trade

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Definitions:

Responsibility Accounting

A system of accounting which holds individuals or departments accountable for costs and expenses under their control.

Sales Manager

A professional responsible for leading and directing a sales team to meet or exceed sales targets.

Manufacturing Costs

The total expenses involved in the process of producing goods, including raw materials, labor, and overhead costs.

Financing

The process of providing or obtaining the funds necessary for investment, expansion, or operations.