Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Environment and International Business Socio-cultural factors and their influence on business Government intervention in international trade
The optimum tariff means:
1
Must occur in the elastic range of the tariff imposing home country's offer curve
2
Takes account of the probability that the partner country will retaliate with protective measures of its own
3
Maximises total export sales of the imposing country
4
Must occur in the elastic range of the partner country's offer curve