Question

When a country imposes tariffs, it is likely to cause

increased quantities of imports.

higher prices for the import-competing goods both domestically and abroad.

lower prices for domestic production.

less expensive exports.

Answer 1

lower prices for domestic production

Step-by-step explanation:

tariffs means

more tax on imports so

imports would be more expensive

A. increased quantities of imports?

if imports are more expensive because of tariffs and

if people buy less

then there would NOT be

increased quantities of imports

because they are more expensive

B. higher prices for the import-competing goods both domestically and abroad?

import-competing (domestic) goods would be cheaper

C. lower prices for domestic production?

yes domestic production would be cheaper

D. less expensive exports?

only if other countries don't put tariffs on them themselves

Answer 2

When a country imposes tariffs, it is likely to cause: Higher prices for the import-competing goods. Tariffs tend to reduce the volume of imports by: Making them more expensive to domestic consumers.

Bye! - sunny <3