Question

What would happenif government of India puts heavy tax on import of Chinese toys? Explain with any three points.

Answer 1

1 Those who won't to import Chinese toys would have to pay higher taxes
2 Price of chines toys would increase
3 Indian toy makers would prosper

Answer 2

1. it would be benefiting domestic toy makers
2. increase in economic growth and development
3. demand for chinese toys reduces in indian market