Question

The effects of tariffs and quotas are: a(n) __________ in the prices of imported goods to domestic consumers, and a(n) __________ in imports.

Answer 1

Increase

Reduction

Step-by-step explanation:

A tariff is a tax on import or export of goods and services.

Tariffs increases the prices of products and thus reduce the amount of imports.

Quotas is when the government or an agency of the government limits the amount of goods and services that can be imported or exported.

Due to the reduced inflow of goods due to quotas, the price of goods imported would rise.

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