When a small country imposes tariffs on certain imported goods,the price of these goods will typically decrease as a result.

Question

Quizplus · Accepted Answer

When a small country imposes tariffs on certain imported goods, it makes the price of these goods increase because it adds to the cost of importing them. Tariffs are a form of protectionism that can make domestic products more competitive against foreign goods, but they can also lead to higher prices for consumers. Therefore, the statement in the question is false.

When a Small Country Imposes Tariffs on Certain Imported Goods,the