• How do government choices in regards to tariffs and quotas affect international relations and trade?

Do you have the same question? Follow this Question


Answers

  • 0
  • 0

Tariffs in this context are essentially a tax on imports coming from foreign countries. The federal government see a huge chunk of its revenue come from tariffs, so it plays an important role in international relations. The government is able to control trade with other countries by raising or lowering tariffs. For example, if the government wanted to promote trade with an underdeveloped economy, such as Mozambique, it could lower tariffs on imports from this country. This would give businesses an incentive to conduct trade with Mozambique because of the lower costs of importing goods.

answered 1 year ago

BSBGrad2007






OTHER QUESTIONS NEEDING ANSWERS

Please explain what is Marketing Strategy and give some of its example?
How SWOT analysis is used in the strategic planning Marketing Strategy?
Can i get money for Laptop recycling?
Recycling Bin... dell Laptop recycling?
Are we all being robbed by quick house sale company?
How much is it to Mercedes Contract hire a rolls royce phantom for 12 months?

Recently Active Members