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The government uses tariffs (fees; a tax) to limit the number of imports that can enter a country.

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7y ago

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What is the difference between a tariff and an important quota?

A tariff is a tax on trade; a quota is a restriction on trade within a certain time or date.


What example of a trade restriction?

Some examples of trade restrictions include:Quotas Tariffs Rationing A tariff on imported cars the government prevents a cartel of steel manufacturers from fixing prices -- apex.


Which of these is not an example of a trade restriction A Tariffs B Quotas C Rationing D Subsidies?

Rationing is not an example of a trade restriction.


What is a compound tariff?

A tarrif is an quantity and value based trade restriction. In compound tarrifs, a value based tarrif is payed along with a fixed rate on quantity. That is it is a mixed or compound rate.


What is an example of a protectionist trade policy?

An example is a protectionist trade policy would be a tariff on imports, or quotas on the volume of imports.


What is an example of a trade restriction?

Some examples of trade restrictions include:Quotas Tariffs Rationing A tariff on imported cars the government prevents a cartel of steel manufacturers from fixing prices -- apex.


How did the smooth tariff affect the American economy?

The tariff hurt trade with other countries.


How did the hawley -smooth tariff affect the economy?

The tariff hurt trade with other countries.


How did the hawley-smoot tariff affect the economy?

The tariff hurt trade with other countries


What tariff passed in 1930 destroyed all foreign trade?

Smoot-Hawley Tariff


How would you match each type of tariff A revenue tariff B protective tariff with its purpose C retaliatory tariff 1 earn money for the government 2 engage in a trade war 3 help domestic producers?

Revenue tariff - Earn Money for the Government Protective Tariff - Help domestic producers Retaliatory tariff - engage in a trade war


What is an example of trade restriction?

Tariffs and embargos are trade restrictions.