A tariff that is set so high that no imports can enter is known as _____
CA Foundation · Business Economics · PYQS · May 2025
A tariff that is set so high that no imports can enter is known as _____
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. Prohibitive Tariff
Topics: International Trade
Related Questions in this Topic
- An important principle of GATT and WTO is the Most-Favoured-Nation (MFN) treatment, which means:
- Real exchange rate increases if:
- Foreign Direct Investment (FDI) is best distinguished from Foreign Portfolio Investment (FPI) by its:
- Non-tariff measures (NTMs) include all except:
- A specific tariff is different from an ad valorem tariff because it is: