The most likely effects of tariffs and/or quotas is to _______ prices and to _______ consumption of the protected goods in the importing country.

Question

Quizplus · Accepted Answer

Tariffs and/or quotas increase the cost of importing goods, which leads to higher prices for consumers in the importing country. This makes consuming the protected goods less attractive, resulting in lower consumption.

The Most Likely Effects of Tariffs And/or Quotas Is to _______