If the United States raises tariffs on foreign goods,it may achieve

Question

Quizplus · Accepted Answer

Raising tariffs on foreign goods would make it more expensive for firms to import goods, which would benefit domestic producers and import-competing firms by making their products more competitive in terms of price. This could lead to greater profitability for these firms. However, it is not guaranteed that this policy would result in higher U.S. exports or higher efficiency in domestic production.

If the United States Raises Tariffs on Foreign Goods,it May