Answer: Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result. When a large importing country places a tariff on an imported product, it will cause the foreign price to fall. The tariff will reduce imports into the domestic country, and since its imports represent a sizeable proportion of the world market, world demand for the product will fall. The effects of tariffs are more transparent than quotas and hence are a preferred form of protection in the GATT/WTO agreement. A quota is more protective of the domestic import-competing industry in the face of import volume increases. A tariff is more protective in the face of import volume decreases. Tariffs bring about higher prices and revenues to domestic producers and lower sales and revenues to foreign producers. Like tariffs, import quotas restrict imports, lowering consumer surplus and preventing countries from fully realizing their comparative advantage.
Explanation:
Answer:
The appropriate response is "Progressive tax".
Explanation:
- Progressive taxation appears to mean that the tax rate is higher for increased organizations as well as lower for low-income communities. Whenever the taxable income leads to higher, the above tax rate tends to increase.
- The approximately equal tax rate would be taxation that is set regardless including its up or down in tax liability.
So that above is the correct answer.
Answer:
A
Explanation: be available to help employees and solve ethical problems.
Debited in receipts and payments account.
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