To promote economic growth and development

To protect domestic industries from foreign competition

To ensure a stable and balanced global economy

To redistribute wealth from developed to developing countries

Tariffs

Quotas

Embargoes

Subsidies

To protect domestic industries from foreign competition

To generate revenue for the government

To promote economic development

To stabilize the exchange rate

A tariff is a tax on imported goods, while a quota is a limit on the quantity of imported goods.

A tariff is a tax on exported goods, while a quota is a limit on the quantity of exported goods.

A tariff is a tax on both imported and exported goods, while a quota is a limit on the quantity of both imported and exported goods.

A tariff is a tax on goods produced domestically, while a quota is a limit on the quantity of goods produced domestically.

It increases the price of imported goods.

It decreases the price of imported goods.

It has no impact on the price of imported goods.

It depends on the elasticity of demand for imported goods.

It decreases the quantity of imported goods.

It increases the quantity of imported goods.

It has no impact on the quantity of imported goods.

It depends on the elasticity of demand for imported goods.

It benefits domestic producers by protecting them from foreign competition.

It harms domestic producers by making their products more expensive.

It has no impact on domestic producers.

It depends on the elasticity of demand for domestic products.

It harms consumers by making imported goods more expensive.

It benefits consumers by making domestic products more affordable.

It has no impact on consumers.

It depends on the elasticity of demand for imported goods.

It increases government revenue.

It decreases government revenue.

It has no impact on government revenue.

It depends on the elasticity of demand for imported goods.

It decreases economic welfare by reducing consumer surplus and producer surplus.

It increases economic welfare by increasing consumer surplus and producer surplus.

It has no impact on economic welfare.

It depends on the elasticity of demand for imported goods.

Under a fixed exchange rate, the value of the domestic currency is pegged to the value of a foreign currency or a basket of foreign currencies, while under a floating exchange rate, the value of the domestic currency is determined by supply and demand in the foreign exchange market.

Under a fixed exchange rate, the value of the domestic currency is pegged to the value of a foreign currency or a basket of foreign currencies, while under a floating exchange rate, the value of the domestic currency is determined by government intervention.

Under a fixed exchange rate, the value of the domestic currency is determined by supply and demand in the foreign exchange market, while under a floating exchange rate, the value of the domestic currency is pegged to the value of a foreign currency or a basket of foreign currencies.

Under a fixed exchange rate, the value of the domestic currency is determined by government intervention, while under a floating exchange rate, the value of the domestic currency is determined by supply and demand in the foreign exchange market.

It provides stability and predictability to the foreign exchange market.

It reduces the risk of currency fluctuations.

It makes it easier for businesses to engage in international trade and investment.

All of the above.

It can lead to overvaluation or undervaluation of the domestic currency.

It can make it difficult for the central bank to conduct monetary policy independently.

It can lead to a loss of international competitiveness.

All of the above.

It allows the exchange rate to adjust to changes in economic conditions.

It gives the central bank more flexibility to conduct monetary policy independently.

It helps to promote international competitiveness.

All of the above.

It can lead to volatility in the foreign exchange market.

It can increase the risk of currency fluctuations.

It can make it more difficult for businesses to engage in international trade and investment.

All of the above.