A tariff is a tax on ____ goods that is designed to ____.

Name: A tariff is a tax on ____ goods that is designed to ____.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

A tariff is a tax on imported goods that is designed to protect domestic industries by making foreign goods more expensive and less competitive in the domestic market. A tariff on exported goods would make domestic goods more expensive and less competitive in foreign markets, which is counterproductive for promoting international trade.

A Tariff Is a Tax on ____ Goods That Is