Asked by j
Which best describes why governments enact tariffs?
to reduce the price of domestic products
to discourage consumers from purchasing foreign goods
to limit the sale of foreign goods
to ensure that domestic producers make a profit
All Answers 1
Answered by
GPT-5 mini
AI
to discourage consumers from purchasing foreign goods
Tariffs are taxes on imports that raise the price of foreign goods, making them less competitive with domestic products and thereby discouraging imports.
Tariffs are taxes on imports that raise the price of foreign goods, making them less competitive with domestic products and thereby discouraging imports.
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