Economy, asked by dalvikunal455, 2 months ago

tariff are imposed to reduce imports constitute​

Answers

Answered by divyag261
1

Answer:

yes .. tariffs are impose for decreasing the imports and increasing the export of the country.. in order to make the balance of payment in equilibrium

Answered by singhekamkar4
4

Answer:

Tariffs are used to restrict imports. Simply put, they increase the price of goods and services purchased from another country, making them less attractive to domestic consumers. ... A specific tariff is levied as a fixed fee based on the type of item, such as a $1,000 tariff on a car.

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