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.

---

Definitions:

Net Price

The actual price paid for a product or service after subtracting any discounts, rebates, or allowances.

Discount

A reduction applied to a regular price or rate, often used as an incentive for purchasing goods or services.

Mark-up

The amount added to the cost price of goods to cover overhead and profit; the difference between the cost and selling price.

Retail Prices

The price at which goods and services are sold to the end consumer, inclusive of markup and VAT.