In effect,tariffs on imports are:
A)special taxes on domestic producers
B)subsidies to domestic consumers
C)subsidies to foreign producers
D)subsidies to domestic producers
E)income taxes on foreign consumers

Question

Quizplus · Accepted Answer

Tariffs on imports are taxes on foreign goods, making them more expensive for domestic consumers. This provides a competitive advantage to domestic producers who can then sell their goods at a higher price, effectively acting as a subsidy to domestic producers.

In Effect,tariffs on Imports Are