Historically, one of the most common reasons for countries to impose tariffs was

A) to protect their national security.
B) to raise revenue for the government.
C) to eliminate unemployment.
D) to counter inflation.
E) None of the above.

B

Economics

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Minimum-price laws designed to preserve competition

A) offer the certainty of lower prices in order to eliminate the possibility of higher prices. B) offer the certainty of higher prices in order to eliminate the possibility of higher prices. C) offer the possibility of higher prices in order to eliminate the certainty of higher prices. D) offer the sellers more competition among themselves.

Economics

Explain how potential gains from further reductions in tariff levels are different from the gains of the past

What will be an ideal response?

Economics