Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
Increased prices for consumers
B
Increased supply of imported goods
C
Decreased domestic production
D
Abolishment of trade deficits
Understanding the Answer
Let's break down why this is correct
Answer
A primary effect of implementing tariffs on imported goods is that it makes those goods more expensive for consumers. When a government imposes a tariff, it adds an extra cost to the price of imported items, which can lead to higher prices for consumers who want to buy those products. For example, if a country imposes a tariff on imported cars, the price of those cars will increase, making it more likely that people will choose to buy cars made in their own country instead. This change can help local manufacturers by giving them a competitive advantage, but it may also limit choices for consumers and lead to higher overall prices. In the long run, while tariffs can protect local jobs, they can also create tension in international trade relationships.
Detailed Explanation
When tariffs are added, it makes imported goods more expensive. Other options are incorrect because Some might think tariffs increase the amount of imported goods; It's a common belief that tariffs reduce local production.
Key Concepts
International Trade
Topic
Effects of Tariffs on Markets
Difficulty
easy level question
Cognitive Level
understand
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