Tariffs are intended to make imported goods less expensive and thus less competitive with domestic products.

Question

Quizplus · Accepted Answer

Tariffs are actually intended to make imported goods more expensive in order to protect domestic industries and promote domestic production. This is achieved by placing taxes on imports, making them less competitive with domestically produced goods that are not subject to the same taxes.

Tariffs Are Intended to Make Imported Goods Less Expensive and Thus