Tariffs serve primarily to:
A)limit the quantity of goods leaving the domestic market.
B)equalize production capacity.
C)raise prices on imports.
D)encourage foreign trade.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imports, which raise the price of imported goods and make them less competitive with domestic goods. This, in turn, can protect domestic industries and workers from foreign competition, but may also lead to retaliation from other countries and higher prices for consumers.

Tariffs Serve Primarily To