Explain how countries use tariffs to control international trade. ...

[charchew]

Explain how countries use tariffs to control international trade. Name and describe two different kinds of tariffs.

Question 2

If 37 percent of the respondents agree with a statement, the z-value is 1.96, and the desired error is plus or minus 4 percent, the needed sample size is APPROXIMATELY:
 a. 23.
 b. 2,086.
 c. 560.
 d. none of these choices.

[dyrone]

Answer to Question 1

A tariff is a tax placed on imported or exported goods. Import tariffs are taxes placed on goods coming into a country; export tariffs are taxes placed on goods going out of a country. Tariffs directly raise a product's price. They help ensure that imported products are not sold for less than local, or domestic, products. They make imported products less attractive to purchase.

Answer to Question 2

c

[charchew]

Thanks for the timely response, appreciate it

[Joy Chen]

YES! Correct, THANKS for helping me on my review