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Protective tariffs increase the price of goods and limit the sale of those goods.
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Related Questions
Are tariffs paid on international trade only?
no
Which is true about tariffs?
They are paid on international trade only.
Which level of government is responsible for tariffs on international trade?
federal
How is international trade today different from international trade prior to 1970?
Businesses trading there today do not pay tariffs or duties.
What is meant by the phrase free trade?
That international business is not limited by tariffs or quotas
1994 treaty that lowered international trade barriers?
GATT - The General Agreement on Tariffs and Trade
What type of cases does the court of international trade hear?
Civil cases involving tariffs and trade
What does not promote increased international trade and economic growth A high tariffs B industrialization C technological improvements D trade liberalization?
high tariffs
The purpose of the 1947 GATT was to?
to expand international trade by mutual reduction of tariffs.
What effects international trade?
Mainly tariffs and tensions between the two countries.
Was a primary cause of the Great Depression?
High tariffs discouraged international trade.
What part did tariffs play in European expansion in the late 1800's?
Tariffs reduced trade between industrialized countries in the late 1800s. European companies had to find different markets overseas for their goods.
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