One of the Objectives of Export Tariffs Is To

question 33

Multiple Choice

One of the objectives of export tariffs is to:

• A)improve the efficiency of utilization of resources.
• B)curb the competition offered by foreign firms to domestic firms.
• C)reduce exports from a sector,often for political reasons.
• D)maintain a positive trade deficit.

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Definitions:

Marketing

The business process of identifying, anticipating, and satisfying customers' needs through the creation and exchange of value.

Gray Market

Pertains to the trade of goods through distribution channels that are legal but unintended by the original manufacturer.

Inflation Rate

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Environmental Forces

External factors such as political, economic, social, technological, legal, and environmental issues that can affect a business's operation and performance.