If a Country Has Very High Tariffs

question 9

Multiple Choice

If a country has very high tariffs,

• A)companies either do not serve the local market or set up manufacturing plants within the country to save on duties.
• B)companies do not serve the local market.
• C)companies set up manufacturing plants within the country to save on duties.
• D)companies will not serve the local market or set up manufacturing plants within the country to save on duties.

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Definitions:

Intimacy

A close, familiar, and usually affectionate or loving personal relationship with another person or group.

Mutual Understanding

A state in which two or more parties possess a shared knowledge or perception regarding specific ideas, values, or situations, leading to enhanced communication and cooperation.

Closeness

The intimacy or degree of proximity and understanding between individuals, fostering strong bonds or relationships.

Intimacy

A near and dear relationship characterized by affection or love with another individual or a group.