Author Question: A tariff is a. a tax on imports b. a legal limit on quantities of goods that can be imported c. a ... (Read 109 times)

robinn137 · **on:** Jul 1, 2018

A tariff is
a. a tax on imports
b. a legal limit on quantities of goods that can be imported
c. a voluntary limit on quantities of goods that can be imported
d. a quality restriction on imports
e. a subsidy for exports

Question 2

Import restrictions usually benefit domestic producers at the expense of domestic consumers.
a. True
b. False