A tariff has the effect of granting ____ a larger share of the domestic market.

Question

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A tariff is a tax on imported goods, which increases their price in the domestic market. This makes domestic goods relatively cheaper compared to foreign goods, giving domestic producers a larger share of the market. Domestics consumers may face higher prices, while foreign producers may be discouraged from exporting to the domestic market.

A Tariff Has the Effect of Granting ____ a Larger