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IB
Question Practice

In international business, what is the significance of tariffs?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Business Studies
Business Studies
International Business
Question Bank

In international business, wha...

Single Answer MCQ
Q-00065197

In international business, what is the significance of tariffs?

1

Encouraging sales of foreign products

2

Reducing production costs

3

Increasing product prices and limiting imports

4

Promoting free trade agreements

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