Which of the Following Identifies an Attribute of Tariffs

question 65

Multiple Choice

Which of the following identifies an attribute of tariffs?

• A)Tariffs reduce the price of foreign goods for domestic consumers.
• B)Tariffs reduce the overall efficiency of the world economy.
• C)Tariffs increase exports from a sector.
• D)Tariffs increase foreign competition for domestic producers.
• E)Tariffs increase efficient utilization of resources.

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Definitions:

Purchase

The act of acquiring goods, services, or assets in exchange for money or value.

Retirement Savings

Funds that an individual has saved and set aside for the purpose of providing income during retirement.

Fixed Rate

An interest rate that remains constant over the life of a loan, deposit, or bond.

Deposit

Money placed into a financial institution for safekeeping or in order to earn interest.