Multiple Choice
Pick out the wrong statement.
A) Tariffs are primarily levied to earn revenue.
B) Tariffs are levied to protect domestic industries.
C) Tariffs reduce the prices of the commodity on which it is levied.
D) Tariffs affect the income and employment.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Infant Industry Argument is justified for -------.<br>A)Protecting
Q3: The European Economic Community (EEC) was founded
Q4: -------is the highest form of economic integration.<br>A)Preferential
Q5: Free trade is based on the principle
Q6: Which of the following is an argument
Q8: -------is a type of tariff barriers.<br>A)Embargo<br>B)Ad-valorem duties<br>C)Product
Q9: Protectionism <br>A)increase the quality of imports<br>B)decrease the
Q10: European union was initially formed with -------European
Q11: A tariff is a tax on -------.<br>A)domestic
Q12: Pick out the wrong statement.<br>A)Tariffs restrict trade<br>B)Import