Students were inquired to answer a question at school and to assert what is most important for them to succeed. One which response stood out from the rest was practice. Successful people usually are not born successful; they become successful thru hard work and commitment. This is how you can accomplish your goals. followed below some question and answer examples that you could actually make use of to enhance your knowledge and gain insight that will guide you to continue your school studies.
Question:
Why do protective tariffs lead to reduced international trade?
O A. Other countries usually respond to protective tariffs with boycotts
and embargoes.
O B. Domestic producers have less incentive to increase production
when they’re protected.
C. Protective tariffs increase the price of goods and limit the sale of
those goods.
D. There is a decreasing marginal return on sales when imports are
protected
Answer:
The correct option is C. Protective tariffs increase the price of goods and limit the sale of those goods.
Why do protective tariffs lead to reduce international trade?
Protective tariffs are designed to shield domestic producers from foreign competition by raising the price of the imported commodity. Revenue tariffs are designed to obtain revenue rather than to restrict imports.
How do tariffs affect international trade?
When a country imposes a tariff, foreign exporters have greater difficulty in selling their products. As their exports decline, they may cut prices in order to keep their sales from falling drastically.
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From the answer and question examples above, hopefully, they could simply help the student answer the question they had been looking for and take notice of all sorts of things declared in the answer above. You can certainly then have a discussion with your classmate and continue the school learning by studying the topic together with each other.