Asked by April Lawrenz on Apr 24, 2024
Verified
When the U.S. government determined the prices of solar panels imported from China were artificially low due to illegal subsidies, it imposed a ________ to help domestic firms compete.
A) comparative inflation rate
B) countertrade exchange
C) quota
D) tariff
E) currency exchange rate
Tariff
A tax imposed by a government on imported or exported goods, often used to protect domestic industries or generate revenue.
Solar Panels
Devices that convert sunlight directly into electricity, widely used for renewable energy generation.
Imported
Pertains to goods or services brought into a country from abroad for sale or use.
- Gain insight into how tariffs and trade agreements affect international marketing dynamics.
Verified Answer
GH
Gracie Henderson6 days ago
Final Answer :
D
Explanation :
The term "imposed" suggests that a government action has been taken to address the artificially low prices due to illegal subsidies. A quota limits the amount of a good that can be imported, but this does not necessarily address the issue of artificially low prices. Countertrade exchange involves non-monetary exchanges of goods, so it is not relevant here. A comparative inflation rate and currency exchange rate are also not relevant, as they do not directly address the issue of illegal subsidies. Thus, a tariff, which is a tax on imported goods, is the best choice to help domestic firms compete.
Learning Objectives
- Gain insight into how tariffs and trade agreements affect international marketing dynamics.
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