Author Question: Suppose that Peru increases tariffs on food products imported from Mexico. What is the desired ... (Read 48 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
Suppose that Peru increases tariffs on food products imported from Mexico. What is the desired effect of this tariff?
 A) To increase the price of the imports and increase the amount of the imports
  B) To increase the price of the imports and decrease the amount of the imports
  C) To decrease the price of the imports and increase the amount of the imports
  D) To decrease the price of the imports and decrease the amount of the imports
  E) To halt all imports of food products from Mexico

Question 2

When the United States levies a tax on textiles from India, this tax is a type of:
 A) export duty.
  B) barter.
  C) import.
  D) tariff.
  E) responsibility.



Moriaki

  • Sr. Member
  • ****
  • Posts: 341
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

One way to reduce acid reflux is to lose two or three pounds. Most people lose weight in the belly area first when they increase exercise, meaning that heartburn can be reduced quickly by this method.

Did you know?

Interferon was scarce and expensive until 1980, when the interferon gene was inserted into bacteria using recombinant DNA technology, allowing for mass cultivation and purification from bacterial cultures.

Did you know?

Normal urine is sterile. It contains fluids, salts, and waste products. It is free of bacteria, viruses, and fungi.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

For a complete list of videos, visit our video library