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2 years ago

A tariff or quota will _ prices and _ the consumption of the protected goods in the importing country.

2 answers:

7 0

A tariff or quote will increase the price and decrease the consumption of the protected goods in the importing country.

Further Explanation:

Tariff:

The tariff refers to the tax imposed by a country on another country for the imported goods. The tariffs are used to raise government revenue and restrict the import of the goods and promotion of domestic products. The tariff increases the price of the imported product and makes it costlier as compared to other domestic products.

The tariff is imposed on imported products. Therefore, it will increase the price of the product.

The increase in the price of the product will result in a decrease in the demand for the product because there may be other products that provide the same benefits in the lower price range. Therefore, the consumption of protected goods will decrease.

A tariff or quote will increase the price and decrease the consumption of the protected goods in the importing country.

Learn More:

1. Learn more about the revenue from the property taxes

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2. Learn more about the calculation of the property taxes

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3. Learn more about the tax on the sale of the property

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Answer Details:

Grade: High School

Subject: Economics

Chapter: Taxation (Direct & Indirect)

Keywords: tariff, or quota, prices, consumption, protected, goods, importing country.

Vadim26 [7]2 years ago

3 0

Raise;decrease is the answer to this question

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2 years ago

A tariff or quota will _____ prices and _____ the consumption of the protected goods in the importing country.

A tariff or quota will _ prices and _ the consumption of the protected goods in the importing country.