One Rationale Used for Tariff Protection Involves When

question 139

Multiple Choice

One rationale used for tariff protection involves when:

• A) the importing country finds the cost of producing its products to be higher than in other countries.
• B) imports are produced by foreign firms,which are more efficient than domestic producers.
• C) the importing country wants to practice international price discrimination.
• D) imports are produced by foreign firms that receive subsidies from their governments.

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Definitions:

Obligations

Legal or moral responsibilities or duties that an individual or entity is bound to perform or fulfill.

Third Parties

Individuals or entities that are not directly involved in a contract or transaction but may be affected by it or have an interest in its outcome.

Partnership Act

Legislation that outlines the laws governing business partnerships, including the rights, responsibilities, and liabilities of partners.

Liabilities

Financial obligations or debts a company or person has.