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Which of the Following Is Correctly Matched with Its Meaning

question 59

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Which of the following is correctly matched with its meaning?


Definitions:

World Trade Organization

An international body established to promote and regulate trade between member countries.

U.S. Tariffs

Taxes imposed by the United States government on imported goods and services to protect domestic industries or to generate revenue.

Retaliatory Tariffs

Import taxes imposed by a country in response to similar taxes levied by another country.

Tariff

A tariff is a tax on imports or exports between sovereign states, often used by governments to protect domestic industries from foreign competition or to generate revenue.

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