Tariffs are not defended on the ground that they:
A) Improve the terms of trade of foreign nations
B) Protect jobs and reduce unemployment
C) Promote growth and development of young industries
D) Prevent overdependence of a country on only a few industries

Question

Quizplus · Accepted Answer

Tariffs are typically defended as a means to protect domestic industries, create jobs, and reduce dependency on foreign goods. They are not defended on the grounds of improving the terms of trade for foreign nations, as tariffs are generally intended to benefit the imposing country's economy.

Tariffs Are Not Defended on the Ground That They