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Question
Which of the following is true about tariffs?
A. It reduces the price of foreign goods for domestic consumers.
B. Tariffs reduce the overall efficiency of the world economy.
C. The tariffs that are levied as a fixed charge for each unit of a good imported are known as ad valorem tariffs.
D. Tariffs are mainly pro-consumer and anti-producer.
E. Tariffs are always levied on imports.
Answer
This answer is hidden. It contains 199 characters.
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