The purpose of a government-imposed ________ is to give domestic competitors an advantage in the marketplace by making foreign competitors' goods more expensive than domestic goods.
A)monopoly
B)quota
C)tariff
D)oligopoly
E)embargo

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed by governments on imported goods, making them more expensive and less competitive in the domestic market. The purpose of a tariff is to give a price advantage to similar domestically produced goods and to protect domestic industries from foreign competition.

The Purpose of a Government-Imposed ________ Is to Give Domestic