I have attached the options with each question so please do answer me correctly other ways I will report/block you.
1. Which of the following describes a tariff?(1 point)
2. A country currently imports 10 million units of a good at a price of $10 for each unit. If the government imposes an import quota of 8 million units, which of the following is likely to result?(1 point)
3. Canada has voluntarily reduced its exports of Canadian steel to Japan. Which of the following would have a similar effect on the quantity imported and the price paid for Canadian steel by Japanese producers?(1 point)
4. The U.S. government is considering implementing a tariff on processed vegetables imported from India. Assuming that the U.S. is an importer of processed vegetables, which of the following correctly explains the impact on the U.S. market?(1 point)
5. Which sentence describes the most likely effect of a U.S. tariff on imports?(1 point)

Question

04-05-2022
Social Studies

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I have attached the options with each question so please do answer me correctly other ways I will report/block you.
1. Which of the following describes a tariff?(1 point)
2. A country currently imports 10 million units of a good at a price of $10 for each unit. If the government imposes an import quota of 8 million units, which of the following is likely to result?(1 point)
3. Canada has voluntarily reduced its exports of Canadian steel to Japan. Which of the following would have a similar effect on the quantity imported and the price paid for Canadian steel by Japanese producers?(1 point)
4. The U.S. government is considering implementing a tariff on processed vegetables imported from India. Assuming that the U.S. is an importer of processed vegetables, which of the following correctly explains the impact on the U.S. market?(1 point)
5. Which sentence describes the most likely effect of a U.S. tariff on imports?(1 point)

Sagot :

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amos62 amos62 · Answer 1 · 2022-05-04T16:08:54-04:00

amos62 amos62

04-05-2022

Answer:

1. tariff- the U.S taxes each piece of machinery imported from the united kingdom

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Lanuel Lanuel · Answer 2 · 2022-05-12T06:58:12-04:00

The answer option which describes an example of a tariff is: B. The U.S. taxes each piece of machinery imported from the United Kingdom.

What is a tariff?

A tariff refers to a type of tax that is levied by the government of a particular country on goods and services that are imported from a foreign country.

This ultimately implies that, a tariff is a type of tax that is placed by the government on imported goods, so as to give domestically produced goods an advantage over foreign goods in a market.

In conclusion, an example of a tariff is the U.S.A taxing each piece of machinery that is imported from the United Kingdom.

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What is a tariff?

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