What is the basic purpose of protective tariffs?
A) to raise money for the country into which the products are being imported
B) to raise the retail prices of imported products to match or exceed those of similar domestic products
C) to counter the effects of tariffs on the domestic market
D) to stabilize the prices of imported goods

Question

Quizplus · Accepted Answer

Protective tariffs are designed to make imported goods more expensive compared to domestic products, thereby protecting domestic industries from foreign competition by encouraging consumers to buy domestically produced goods.

What Is the Basic Purpose of Protective Tariffs