Economics · International Trade
What is the main objective of imposing a safeguard duty on imports?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To protect the immediate benefits and choices of domestic consumers
- 2To maximize the long-term tariff revenue for the Government
- 3To protect indigenous industries from a sudden surge in imports✓
- 4To assist exporters in the timely realization of payments from foreign importers
Correct answer
To protect indigenous industries from a sudden surge in imports
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