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What does the word the word tariff mean?

a tax on foreign goods


What are foreign goods?

Items brought into a country from another country are foreign goods.


What makes foreign goods more expensive?

Foreign goods are more expensive to purchase. The extra cost from purchasing foreign goods comes from the shipment of the goods over long distances.


What is foreign demand?

It is the foreign demand for domestic goods and services.


How do you import goods from foreign countries?

Goods are bought from suppliers from foreign countries. Then a customs tax is paid as the goods a brought (by air/land/sea) into the country


What does foreign exchange allocation mean?

businesses that sell goods or services to customers overseas, and are paid in a foreign currency, are exposed to foreign exchange risk. To manage that exposure effectively, they must understand the inner workings of foreign exchange risk.


What increases prices of certain foreign made goods?

An import tariff increases the sale price of foreign-made goods.


Tariffs lower the price of foreign goods?

No, the opposite is true. Tariffs raise the price of foreign goods compared to domestic goods. Because of this, tariffs reduce imports.


What are some foreign goods?

foods


Why were goods available from foreign lands?

yes


What is importance of mean?

To bring or carry in from an outside source, especially to bring in (goods or materials) from a foreign country for trade or sale. Source: Answers.com


What goods do home and foreign produce?

Home produce refers to goods that are made or grown within one's own country, while foreign produce refers to goods that are made or grown in other countries.