Imposing a tariff brings about:

Name: Imposing a tariff brings about:
Brand: Quizplus
Rating: 4.9 (46 reviews)

Question

Quizplus · Accepted Answer

Imposing a tariff increases the cost of imported goods, which leads to higher prices for consumers. This can also lead to increased revenues for domestic producers who are protected from foreign competition. At the same time, foreign producers may experience lower sales and revenues due to the increased cost of their products in the domestic market. Therefore, all of the above options are correct.

Imposing a Tariff Brings About