The United States imposes tariffs

Question

a. on imports, exports, and nontraded goods.

b. only on exports.

c. only on imports.

d. on both imports and exports.

Answer 1

c or d

You can't put a tariff on something that is not traded and there are definitely import tariffs. I would like to think the U.S. isn't stupid enough to put tariffs on exports, although I'm not sure.

Answer 2

d. on both imports and exports.

Some tariffs on exports are really applied due to political and strategical reasons - it helps to control specialization level, type of accumulating capital, thus partially affects development path.

Answer 3

d