When shopping for a car you notice a significant price gap between domestic and imported cars, with the imported cars being much more expensive. This could be the result of

Question

Quizplus · Accepted Answer

Tariffs are taxes placed on imported goods, making them more expensive for consumers to purchase. Therefore, a significant price gap between domestic and imported cars could be the result of tariffs placed on imported cars, which would increase the price for consumers.

When Shopping for a Car You Notice a Significant Price