Asked by AIDAN ECCLESTON on May 30, 2024
Verified
A tariff on tires benefits domestic producers of tires.
Domestic Producers
Local or national companies and individuals that produce goods or services within a country's borders.
Tires
Rubber-covered, air-inflated components of a vehicle that provide a flexible cushion between the vehicle and the road, enhancing traction and absorbing shock.
- Acknowledge the advocacies and criticisms pertaining to free trade and protectionism.
Verified Answer
EJ
Emmanuela JosephMay 31, 2024
Final Answer :
True
Explanation :
A tariff on tires increases the price of imported tires, making domestic tires more competitively priced and potentially increasing sales for domestic producers.
Learning Objectives
- Acknowledge the advocacies and criticisms pertaining to free trade and protectionism.