In most cases,tariffs are placed on imports to protect domestic producers from foreign competition by raising the price of imported goods.

Name: In most cases,tariffs are placed on imports to protect domestic producers from foreign competition by raising the price of imported goods.
Brand: Quizplus
Rating: 4.8 (59 reviews)

Question

Quizplus · Accepted Answer

Tariffs are typically imposed to make imported goods more expensive, making domestic goods more competitive in the market. This is often done to protect domestic industries from foreign competition.

In Most Cases,tariffs Are Placed on Imports to Protect Domestic