Asked by Keijenea labostrie on May 26, 2024
Verified
The purpose of ______is to make imports more expensive for domestic buyers.
A) exchange controls
B) embargo
C) dumping
D) tariffs
Imports
The act of bringing goods or services into one country from another for commercial purposes.
Domestic Buyers
Consumers or entities within a country that purchase goods and services produced in their own country.
Tariffs
Taxes imposed by a government on imported or exported goods.
- Grasp the impact of tariffs, quotas, and other trade restrictions on international trade.
Verified Answer
EA
edwin alajoMay 27, 2024
Final Answer :
D
Explanation :
Tariffs are taxes imposed on imported goods and services. They are used by governments to make imports more expensive for domestic buyers, thereby protecting local industries from foreign competition.
Learning Objectives
- Grasp the impact of tariffs, quotas, and other trade restrictions on international trade.