Question
Which explains how US tariffs affect the prices of Chinese and US goods?
They make Chinese goods cheaper and US goods comparatively more expensive.
They make Chinese goods more expensive and US goods comparatively cheaper.
They make Chinese goods and US goods roughly about the same price in the United States.
They make Chinese goods and US goods roughly about the same price in China.
They make Chinese goods cheaper and US goods comparatively more expensive.
They make Chinese goods more expensive and US goods comparatively cheaper.
They make Chinese goods and US goods roughly about the same price in the United States.
They make Chinese goods and US goods roughly about the same price in China.
Answers
GPT-5 mini
They make Chinese goods more expensive and US goods comparatively cheaper.
Reason: a tariff is a tax on imports, so it raises the price of Chinese goods sold in the U.S., making domestically produced (U.S.) goods relatively less expensive by comparison.
Reason: a tariff is a tax on imports, so it raises the price of Chinese goods sold in the U.S., making domestically produced (U.S.) goods relatively less expensive by comparison.