A ________ Tariff Is Designed to Raise the Price of Imported

question 152

Multiple Choice

A ________ tariff is designed to raise the price of imported products so that domestic goods are more competitively priced.

• A) protective
• B) restrictive
• C) progressive
• D) revenue

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Definitions:

Industry Attractiveness

The desirability of an industry to firms and investors, based on factors like profitability, growth potential, and competition levels.

Organizational Resources

Assets, capabilities, processes, employee time, information, and knowledge that an organization controls, useful for creating and implementing strategies.

Tangible Resources

Physical and material assets owned by a business, such as buildings, machinery, and inventory.

Intangible Resources

Non-physical assets owned by a business, such as intellectual property, brand reputation, and customer relationships.