Author Question: Explain how countries use tariffs to control international trade. Name and describe two different ... (Read 110 times)

charchew · **on:** Jun 29, 2018

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 · **Reply #1 on:** Jun 29, 2018

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