Ultimately, tariffs ________ prices for imported goods and ________ prices for domestic goods.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods, which generally increase the cost of these goods. This can lead to higher prices for imported goods for consumers. Additionally, by making imported goods more expensive, tariffs can reduce competition for domestic producers, potentially allowing them to raise their prices as well.

Ultimately, Tariffs ________ Prices for Imported Goods and ________ Prices

Ultimately, Tariffs Prices for Imported Goods and Prices