🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
3
answers
0
watching
231
views

Excise taxes on imported goods that help shield domestic producers of the good are called

A. protective tariffs.

B. import quotas.

C. revenue tariffs.

D. voluntary export restrictions.

Watch
3
answers
0
watching
231
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Divya Singh
Divya SinghLv10
1 Oct 2020
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

What is the government’s aim in setting quotas?

A) to create more competition in the market.
B) to increase sales of domestic goods.
C) to keep tariffs high.
D) to limit export of domestic goods.

Tariffs and quotas both raise the price of foreign goods to domestic consumers. What is the difference between the efforts of a tariff and the effects of quota on the following?

A. the domestic government

B. foreign producers

C. domestic producers

In economic terms, tariffs are preferred to quotas because:
 
A) domestic manufacturers gain more producer surplus. 
B) there is less loss of consumer surplus.
C) tariffs are easier to administer.
D) quotas create a greater production inefficiency.
E) given the way quotas are usually administered, tariffs cause a smaller net national welfare loss.

 

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in