Tariffs tend to reduce the volume of imports by: (K) Setting maximum allowable import limits. (L) Placing severe quality restrictions on imported goods. (M) Making them more expensive to domestic...

Tariffs tend to reduce the volume of imports by: (K) Setting maximum allowable import limits. (L) Placing severe quality restrictions on imported goods. (M) Making them more expensive to domestic consumers. (N) Reducing prices of domestically produced goods. A beggar-thy-neighbor policy is: (W) The imposition of import barriers for the purpose of curbing inflation. (X) The imposition of trade barriers to increase domestic employment. (Y) The imposition of trade barriers for the purpose of expanding exports. (Z) An attempt by a poor country to get more foreign aid and assistance.