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Question 8 of 10
Why would a government want to make imported goods more expensive?
To protect and support domestic jobs and businesses
To protect and support international jobs and businesses
To make luxury goods feel more fancy with a higher price
To donate money to local schools and playgrounds

Verified Answer :

GinnyAnswer

Final answer:

Tariffs are imposed on imported goods to protect domestic industries by making foreign products more expensive, supporting local jobs and businesses.


Explanation:

Tariffs are taxes imposed on imported goods to make them more expensive, protecting domestic industries from foreign competition. This protection helps support local jobs and businesses by encouraging consumers to purchase goods produced within the country.

By raising the prices of imported goods, governments aim to protect and support domestic jobs and businesses, fostering economic growth within their own borders.


Learn more about Tariffs and protectionism here:

https://brainly.com/question/33461592


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