Which of the following goals is a primary purpose of tariffs on imports?
A) Maintain domestic competitiveness
B) Decrease exports
C) Increase imports
D) Subsidize domestic industry
E) Promote free trade

Question

Quizplus · Accepted Answer

One key purpose of tariffs on imports is to maintain domestic competitiveness by making imported goods more expensive and therefore less attractive to consumers, which can help protect local industries and jobs.

Which of the Following Goals Is a Primary Purpose of Tariffs