A tariff:
- Increases the volume of trade
- Has no effect on volume of trade
- Reduces the volume of trade
- Both A and C
Explanation
Reduces the volume of trade
Tariffs are government-imposed taxes on goods and services imported from other countries that aim to raise prices, make imports less desirable, or at least less competitive, compared to domestic goods and services.
Related MCQs
مجموعی قومی پیداوار سے مراد تمام اشیاء اور خدمات کی مجموعی قیمت ہے؟
- Produced with in the geographical boundaries of a country during a month
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سن 2024 میں پاکستان کے کل لیکوئڈ زرمبادلہ کے ذخائر تقریباً کتنے ہیں؟
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- $ 13 billion
- $ 17 billion
- $ 20 billion
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- 1 July through 30 June
- 1 June through 30 July
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پاکستان کی خارجہ پالیسی کے بنیادی مقاصد کیا ہیں؟
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- None of these