All of the Following Are True of Tariffs Except

question 17

Multiple Choice

All of the following are true of tariffs except:

• A)they reduce the revenue for the government.
• B)they can be levied as a proportion of the value of the imported good.
• C)they can be levied as a fixed charge for each unit of a good imported.
• D)they impose significant costs on domestic consumers.

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Definitions:

External Source

An entity or information that originates from outside an organization or research study.

Reference Source

Materials or resources used to obtain information or data to support arguments, theories, or ideas.

Internal Locus

Refers to the belief that one's own actions or choices directly influence the outcomes in their life, as opposed to external forces.

Situational Factor

External influences that can impact consumer behavior or the outcome of marketing decisions at a given time.