Changes in oil prices affect Mr. Spacek’s business through acceptable tariffs and quotas may be affected.
What is tarrif?
A tariff is the amount of money paid on goods by an importer.
The amount determined by the government of the country and the money is paid into the government purse.
The change in oil price can increase the tarrif thereby increasing the overall cost of production of the business.
Therefore, Changes in oil prices affect Mr. Spacek’s business through acceptable tariffs and quotas may be affected.
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