One of the reasons mentioned below doesn't justify imposition of tariffs:

CA Foundation · Business Economics · MTP · September 2024
One of the reasons mentioned below doesn't justify imposition of tariffs:
(A) A. It will enhance consumer sovereignty
(B) B. It helps in curbing BoP deficit.
(C) C. It raises government revenue.
(D) D. It is used to protect domestic industry from subsidized imports.

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. It will enhance consumer sovereignty

Topics: International Trade

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