Which of the following, when levied on imported goods, artificially raises their price, thereby lowering their demand in the local markets?

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Tariffs are taxes or duties levied on imported goods, making them more expensive and therefore reducing demand in local markets. This protectionist policy is designed to promote domestic industries by making foreign goods less competitive. Boycotts are voluntary consumer actions to avoid buying a certain product or to stop doing business with a particular company. Quotas limit the quantity of goods that can be imported, while embargos ban trade with a particular country altogether. Exchange control is a policy that restricts the convertibility of a currency into other currencies.

Which of the Following, When Levied on Imported Goods, Artificially