__________ generally do all of the following: increase inflationary pressures and special interests' privileges;decrease balance-of-payments positions;and,restrict competition.

Question

Quizplus · Accepted Answer

Tariffs are taxes imposed on imported goods, which can increase inflationary pressures by raising prices, benefit special interests by protecting domestic industries, worsen balance-of-payments by reducing imports, and restrict competition by making foreign goods less competitive.

__________ Generally Do All of the Following: Increase Inflationary Pressures