Tariffs Are Designed to Achieve All of the Following Results,EXCEPT

question 142

Multiple Choice

Tariffs are designed to achieve all of the following results,EXCEPT:

• A) increase revenues for the government.
• B) increase the price of the imported commodity.
• C) protect domestic workers from the full impact of international competition.
• D) prohibit the importation of foreign-made commodities.

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Definitions:

Rights of Appeal

Legal entitlements allowing a party to request a formal change to an official decision through a higher court.

Federal Trade Commission

A U.S. federal agency tasked with protecting consumer rights and eliminating anticompetitive business practices.

Federal Legislation

Laws enacted by the national government of a country that apply to the people and entities within its jurisdiction.

Food and Drugs

Regulatory category pertaining to the safety, efficacy, and labeling of consumables and medications for public health.