Question

What happens when a tariff is used?

A business relocates some of its factories to other countries.

B country signs an agreement with other countries to sell to and buy from each other.

C country places a tax on goods from another country.

D business buys raw materials from one country and sells finished products to another.

Answer 1

I will give you a hint: Tariffs increase the prices of imported goods. Because of this, domestic producers are not forced to reduce their prices from increased competition, and domestic consumers are left paying higher prices as a result.

Answer 2

C country places a tax on good from another country