12) Which of the following is a kind of
protective tariff?
Countervailing tariff
O Retaliatory tariffs
Anti-dumping tariffs
Revenue tariff
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Answers
Answer:
anti dumping tariff.
Protective tariffs are designed to shield domestic production from foreign competition by raising the price of the imported commodity. Revenue tariffs are designed to obtain revenue rather than to restrict imports.
Explanation:
The government imposes anti-dumping duty on foreign imports when it believes that the goods are being “dumped” – through the low pricing – in the domestic market. Anti-dumping duty is imposed to protect local businesses and markets from unfair competition by foreign imports.
Countervailing duties, also known as anti-subsidy duties, are trade import duties imposed under World Trade Organization rules to neutralize the negative effects of subsidies.
retaliatory tariff - a tax that a government charges on imports to punish another country for charging tax on its own exports:
Answer:
high antidumping and compensatory duties