A tariff on a particular good does which of the following?

Question

Quizplus · Accepted Answer

A tariff on a particular good increases the price of that good to domestic consumers because it adds an additional cost to the imported product, making it more expensive than it would be without the tariff. This does not increase the net-of-tariff price received by foreign producers; instead, it typically decreases their competitiveness in the importing country's market. It also does not redistribute income from domestic producers to consumers; rather, it can protect domestic industries from foreign competition, potentially benefiting domestic producers.

A Tariff on a Particular Good Does Which of the Following