Which of the Following Statements About Tariffs Is True

question 97

Multiple Choice

Which of the following statements about tariffs is true?

• A) Retailers want to raise them
• B) Import tariffs have been used to shield domestic manufacturers from foreign competition
• C) Tariffs have never been used as a government fund raiser
• D) Tariffs lower the cost of imported merchandise
• E) The World Trade Organization is responsible for the increase in the tariff rate