Which of the following is a likely result of imposing tariffs to increase domestic employment?

Question

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Imposing tariffs on foreign goods may result in other nations imposing retaliatory tariffs on goods imported from the imposing nation. This, in turn, can lead to reduced trade and potentially harm the domestic economy. While the purpose of tariffs is to protect domestic industries and create jobs, the net effect may be negative if retaliation occurs. Choices A and B are unlikely as tariffs typically lead to an increase in consumer prices and higher tariffs on foreign goods, not lower ones. Choice C is a possible outcome, but it is not guaranteed as tariffs may make imports more expensive, leading to higher prices for consumers and potentially negatively impacting jobs in industries reliant on imports.

Which of the Following Is a Likely Result of Imposing