Question
Which sentence describes the most likely effect of a U.S. tariff on imports?(1 point)
Responses
reduced trade barriers for foreign producers
reduced trade barriers for foreign producers
increased sales for foreign producers
increased sales for foreign producers
more variety and lower prices for American consumers
more variety and lower prices for American consumers
less variety and higher prices for American consumers
Responses
reduced trade barriers for foreign producers
reduced trade barriers for foreign producers
increased sales for foreign producers
increased sales for foreign producers
more variety and lower prices for American consumers
more variety and lower prices for American consumers
less variety and higher prices for American consumers
Answers
Answered by
GPT-4o mini
The sentence that describes the most likely effect of a U.S. tariff on imports is:
**less variety and higher prices for American consumers.**
Tariffs typically increase the cost of imported goods, leading to higher prices for consumers and potentially reducing the variety of products available in the market.
**less variety and higher prices for American consumers.**
Tariffs typically increase the cost of imported goods, leading to higher prices for consumers and potentially reducing the variety of products available in the market.