Foreıgn Trade Deneme Sınavı Sorusu #1403731
What is one of the economic effects of tariffs?
Domestic manufacturers competing in opposition to imports will always be hurt from a tariff. |
The effects of a tariff on the well-being of consumers and producers exhausts its effects on the importing country. |
If a government places a tax on imports of a product, the domestic price of the imported product will decrease. |
Imposing a tariff with an optimal basis on exporting countries brings revenue to the country’s government. |
Imports tariffs make imports more competitive in the domestic marketplace. |
Generally, domestic manufacturers competing in opposition to imports will get advantage from a tariff. If a government places a tax on imports of a product, the domestic price of the imported product will increase.One of the important benefits of tariffs is that they act as the revenue of government. The effects of a tariff on the well-being of consumers and producers do not exhaust its effects on the importing country. Imposing a tariff with an optimal basis on exporting countries brings revenue to the country’s government.
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