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

Question

Responses

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

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

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 increase the cost of imported goods, leading to higher prices for consumers and potentially reducing the variety available, as some foreign products may be less competitive due to increased costs.