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Sticky Note
A tariff:
  1. Increases the volume of trade
  2. Has no effect on volume of trade
  3. Reduces the volume of trade
  4. 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؟
  1. Produced with in the geographical boundaries of a country during a month
  2. Produced by the farmers and industrial of a country during a year
  3. Produced with in the geographical boundaries of a country during a year
  4. None of these
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سن 2024 میں پاکستان کے کل لیکوئڈ زرمبادلہ کے ذخائر تقریباً کتنے ہیں؟
  1. $ 9 billion
  2. $ 13 billion
  3. $ 17 billion
  4. $ 20 billion
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پاکستان کا مالی (فِسکل) سال کب سے شروع ہوتا ہے؟
  1. 1 July through 30 June
  2. 1 June through 30 July
  3. 1 August through 30 September
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مہنگائی کس چیز کا نتیجہ ہوتی ہے؟
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پاکستان کی خارجہ پالیسی کے بنیادی مقاصد کیا ہیں؟
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