A major purpose of tariffs is to
A) encourage exports.
B) discourage imports.
C) encourage imports.
D) discourage exports.

Name: A major purpose of tariffs is to A) encourage exports. B) discourage imports. C) encourage imports. D) discourage exports.
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Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods and services. They are used by governments to make imported goods more expensive than domestic goods, thereby discouraging imports and protecting domestic industries from foreign competition.

A Major Purpose of Tariffs Is to