Question

2. __________are golden mean between the maximum and minimum

rates of tariffs.


a. Revenue Tariffs

b. Protective Tariffs

c. Single Columns

d. Optimum Tariffs

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Answer 1

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D . OPTIMUM TARIFFS

Answer 2

__________are golden mean between the maximum and minimum

rates of tariffs.

a. Revenue Tariffs

b. Protective Tariffs

c. Single Columns

d. Optimum Tariffs

The correct answer is :

d. Optimum Tariffs

Explanation :

___Optimum Tariffs___ are golden mean between the maximum and minimum rates of tariffs.

Optimum tariff refers to the tariff that is used by countries, by large goods producers and by large importers as a means of controlling the world prices of a commodity. Large countries have the power to set international prices because they have established a monopoly on the market and the optimum tariff is used by them.

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