Import bans,import quotas,voluntary export restraints,and tariffs on goods all

Question

Quizplus · Accepted Answer

Import bans, import quotas, voluntary export restraints, and tariffs on goods are all measures used to restrict imports in order to protect domestic industries. By reducing the supply of imports, these measures can raise prices for consumers. Additionally, tariffs on goods make imports more expensive, which also raises prices for consumers. Therefore, the correct answer is C, which states that these measures reduce imports and raise prices for consumers.

Import Bans,import Quotas,voluntary Export Restraints,and Tariffs on Goods All