Question

__________are golden mean between the maximum and minimum
rates of tariffs.

Answer 1

Explanation:

Protective tariff is a golden mean between the maximum and minimum rates of tariffs. A protective tariff is defined to protect the local producers and economy by increasing taxes on imported commodities. On the other hand for the local or domestic market, the rates are imposed in such a way that they become a golden mean and giving a safer window for local people to contribute to country’s economy

Answer 2

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

• Protective tariffs are the possible taxes enacted to typically support the domestic industry of the country.  
• They invariably tend to make imported commodities cost more than domestically produced comparable goods, thereby allowing domestically produced goods to encourage potential sales.
• The reasonable prices of these chief imports are increased efficiently, providing domestic companies in the similar markets with a distinct advantage. They also prosecute international rivals for unfair trade practises.