Tariffs are imposed to protect local industries and to generate revenue for the government.

Name: Tariffs are imposed to protect local industries and to generate revenue for the government.
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Question

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Tariffs are taxes on imported goods, and are implemented by governments to make foreign products more expensive to consumers, thereby making domestic products more competitive. This is done with the goal of protecting local industries and boosting revenue for the government.

Tariffs Are Imposed to Protect Local Industries and to Generate