POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Why would a country impose a tariff or quota on imported goods?
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to raise the price of imported goods and encourage people to buy local
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to raise the price of imported goods to help other countries make more money
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to be mean!
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None of the above
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Explanation:
Detailed explanation-1: -Obviously, a tariff also generates revenues for the government of the importing country (revenue function). Tariffs therefore benefit the government and producers of the importing country in the form of tax revenues and producer surpluses at the expense of its consumers in the form of higher prices.
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