Sign In
Ask Question
Business
Paula Carter
31 March, 16:57
The main purpose of most tariffs and quotas is to
+4
Answers (
1
)
Duffy
31 March, 18:44
0
Answer: The main purpose of most tariffs and quotas is to reduce the foreign competition that domestic firms face.
Explanation: A tariff is a tax on imports and a quota is the quantity imported that is allowed. By putting a tax and quantity limit on imports, the United States is hoping to make more room for domestic products to be bought and sold. When items are imported from other countries, even with the tax they are usually cheaper than making them in house. By imposing the tax, they are trying to offset the cheap labor and make the items in the domestic country have a fighting chance. This is also said about quantity limit, if there wasn't a quantity on what may be imported, there would be too few firms able to compete.
Comment
Complaint
Link
Know the Answer?
Answer
Not Sure About the Answer?
Get an answer to your question ✅
“The main purpose of most tariffs and quotas is to ...”
in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
On June 7, Pixer Co. sells $1500 of merchandise to Jasmine Co. on account. Jasmine Co. pays for this merchandise on June 21. a. Prepare the entry on Pixer's books to record the sale. b.
Answers (1)
Jerry is entering information from the documents that show what customers bought and what they owe. What document is he working with? A. Inventory B. Balance sheet C. Invoice D. Lookup table
Answers (1)
Christian brought his proposal to Rita before the meeting saying, "I'm sure you have some ideas on this, and we could try to get them incorporated upfront." Which influence tactic is Christian using? A. ConsultationB. Inspirational appealsC.
Answers (1)
When the vehicle speed is low, the driver should select a higher gear (which has a high gear ratio) so that the engine can be used to accelerate the vehicle. True False
Answers (1)
When the non-dividend paying stock price is $20, the strike price is $20, the risk-free rate is 6%, the volatility is 20% and the time to maturity is 3 months, which of the following is the price of a European call option on the stock?
Answers (1)
New Questions in Business
An investor estimates that next year's sales for Dursley's Hotels Inc. should amount to about $100 million. The company has 5 million shares outstanding, generates a net profit margin of about 10 %, and has a payout ratio of 50 %.
Answers (1)
Aside from an associates degree, What else can you earn a two year college?
Answers (1)
Mark can produce 20 baseballs in a month and katie can produce 25 baseballs in a month. also, mark can produce 10 bats in a month and katie can produce 15 bats in a month. what is katie's opportunity cost of producing 30 bats?
Answers (1)
The income statement approach to calculating bad debt expense should not be used if it results in a carrying value of accounts receivable that is materially different from what would be obtained under a balance sheet approach. a. trueb. false
Answers (1)
Independent business owners who approach attorneys for resolving their business-related disputes are referred to as counsel.
Answers (1)
Home
»
Business
» The main purpose of most tariffs and quotas is to
Sign In
Sign Up
Forgot Password?