Economics · Tariffs and Trade
Imposition of a tariff on an imported good results in:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1a fall in the domestic price of the imported good.
- 2an increase in the domestic price of the imported good.✓
- 3a decrease in government tax revenue.
- 4a complete stoppage of imports.
Correct answer
an increase in the domestic price of the imported good.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Tariffs and Trade MCQs →Want more practice questions on Tariffs and Trade?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Tariffs and Trade