Asked by Yanisa Silalai on Jul 27, 2024
Verified
A ______ is a tax on imports.
Tariff
A tax imposed on imported goods and services, which can affect trade balances, prices, and even the economy as a whole.
- Assess the merits and drawbacks of implementing tariffs, quotas, and policies promoting free trade.
Verified Answer
MF
Learning Objectives
- Assess the merits and drawbacks of implementing tariffs, quotas, and policies promoting free trade.