Many foreign governments attempt to restrict the ability of foreign companies to compete with domestic companies by imposing ______, which often substantially increase the prices of products that are imported by multinational companies compared to domestic products.

Question

Quizplus · Accepted Answer

Tariffs are taxes on imported goods, designed to make these goods more expensive and less attractive to consumers. This is often done to protect domestic industries from competition from multinational companies.

Many Foreign Governments Attempt to Restrict the Ability of Foreign