In general, tariffs weaken
A) inflationary pressures.
B) special interests' privileges.
C) balance-of-payments positions.
D) government control in economic matters.
E) the number of reciprocal tariffs by other countries.

Question

Quizplus · Accepted Answer

Tariffs can weaken a country's balance-of-payments position by making imports more expensive, potentially reducing the volume of imports and affecting trade balances.

In General, Tariffs Weaken