Which of the Following Is True of Tariffs

question 56

Multiple Choice

Which of the following is true of tariffs?

• A) They strengthen balance-of-payments positions.
• B) They strengthen supply-and-demand patterns.
• C) They increase special interests' privileges.
• D) They strengthen international relations.
• E) They promote competition.

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Definitions:

Government Sponsored

Refers to initiatives, programs, or enterprises financially supported or backed by government entities.

Income Groupings

Categorizations of individuals, households, or countries based on income levels, used for statistical and analytical purposes.

Consumption Expenditures

Spending by households on goods and services, with the exception of purchases of new housing.