_____ are trade barriers designed to raise the retail price of an imported product to match or exceed that of a similar domestic product.

Question

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Protective tariffs are designed to protect domestic industries by making it more expensive for foreign importers to sell their products in the domestic market. This is achieved by imposing a tax on imported goods, making them more expensive than domestic alternatives. The goal is to level the playing field for domestic producers and prevent foreign competitors from undercutting them on price.

_____ Are Trade Barriers Designed to Raise the Retail Price