Which sentence describes the most likely effect of a U.S. tariff on imports?(1 point)

Question

Responses

more variety and lower prices for American consumers
more variety and lower prices for American consumers

less variety and higher prices for American consumers
less variety and higher prices for American consumers

increased sales for foreign producers
increased sales for foreign producers

reduced trade barriers for foreign producers

Answer 1

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 raise the cost of imported goods, which can lead to higher prices for consumers and potentially reduced options as foreign products become more expensive and less competitive.