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.

Question

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A tariff is a tax on imported goods, making them more expensive and less competitive against domestic products. This protectionist measure is aimed at giving domestic competitors an advantage in the marketplace by reducing competition from foreign goods. Monopoly, quota, countertrade, and embargo do not directly target foreign competitors in the same way as tariffs.

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