In the early years of the American republic, the federal government tried to support domestic markets by restricting imported goods through tariffs, which are:
A) taxes on imports, thereby raising their prices and discouraging their entry into domestic markets.
B) a form of consumption or sale taxes, ones that discourage importer entry into domestic markets.
C) a type of government subsidy that governments of developing countries use to keep importers from harming their fledging economies.
D) taxes on goods shipped to other countries, used as a means of discouraging them in order to keep the supply of goods and, thus, prices in check.
Correct Answer:
Verified
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