Question

A nation that imposes a lot of tariffs is

attempting to do which of the following?
A. Increase the nation's global trade.
B. Increase the number of foreign goods in their own nation.
C. Increase the amount of other nations wanting to trade with them.
D. Increase the overall sales of their own nation's businesses.

Answer 1

The correct answer is D.

Explanation: Tariffs are paid to the customs authority of the country imposing the tariff. Tariffs on imports coming into the United States, for example, are collected by Customs and Border Protection, acting on behalf of the Commerce Department. Therefore by imposing tariffs the Government tries to protect the domestic business.

Answer 2

D

Step-by-step explanation:

When a country imposes a tariff, it increases the price of imports, which causes consumers to have to pay more for foreign goods. This allows for domestic producers to keep their pricing at a competitive advantage.