often duties and taxes are imposed on cars that are imported from other countries. what types of incentives…
often duties and taxes are imposed on cars that are imported from other countries. what types of incentives are these duties and taxes?\npositive incentive and subsidy.\nnegative incentive and subsidy.\npositive incentive and tariff.\nnegative incentive and tariff.
Answer
Brief Explanations:
- Negative incentive: Duties and taxes on imported cars make importing them more costly, discouraging (negative incentive) the import of such cars.
- Tariff: A tariff is a tax or duty imposed on goods when they are moved across a political boundary (in this case, imported cars). It is a form of trade restriction.
Answer:
negative incentive and tariff.