The aim of tariffs is to
A)sanction countries that break global agreements.
B)free the flow of goods, services, and capital between countries.
C)make the best use of capital resources.
D)protect domestic industries and jobs.
E)decline barriers to trade and investment.

Question

Quizplus · Accepted Answer

A tariff is a tax that a government imposes on goods imported into one country from another.The aim of import tariffs is to protect domestic industries and jobs, such as those in the auto or steel industry, from overseas competition by raising the price of these products from abroad.

The Aim of Tariffs Is to