What is a tariff?
What will be an ideal response?
A tariff is a tax imposed by a government on imports.
Economics
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Which of the following statements is true?
A) Correlation can only arise when causation is not present. B) Causation can only arise when correlation is not present. C) Causation arises when there is correlation between two variables, and can also arise even when there is no correlation. D) Correlation arises when there is causation and can also arise even when there is no causation.
Economics
A perfect price discriminating monopoly produces the same quantity of output as a ________
A) single-price monopoly but charges a higher price B) perfectly competitive market C) perfectly competitive firm D) perfectly competitive market but charges a lower price
Economics