0
What else can I help you with?
What are foreign goods?
Items brought into a country from another country are foreign goods.
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
Is there any disadvantage to government placing tariff on imported goods?
There are several disadvantages to governments placing tariffs on imported goods. For example, countries may not want to import goods if they have to pay a tariff, and this process raises prices for consumers.
What increases prices of certain foreign made goods?
An import tariff increases the sale price of foreign-made 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
Is there any disadvantage to government placing tariff on imported goods?
There are several disadvantages to governments placing tariffs on imported goods. For example, countries may not want to import goods if they have to pay a tariff, and this process raises prices for consumers.
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.
Is there a disadvantage to a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
What are some foreign goods?
foods
Is there any disadvantage to a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantage a government placing a tariff on imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
Is there any disadvantages to a government placing a tariff imported goods?
Yes, the main disadvantage of a government placing tariffs on imported goods is increased cost and a possible retaliation tariff from the exporting country. Tariffs make the goods more expensive for the consumer.
