Econ Final Exam Flashcards
0
Q
What is an export tariff
A
Fees/taxes charged by the exporting country
1
Q
Define tariff method
A
Trade by charging fees/taxes
2
Q
What is an import tariffs
A
Fees/taxes charged by the importing country
3
Q
What is a prohibitive Tarrif
A
The tariff that is very high unreasonable that trade may not be permitted
4
Q
What is the non-prohibitive Tarriff
A
Tariff that is very low reasonable that trade may be permitted
