Asked by Keijenea labostrie on May 26, 2024

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Verified

The purpose of ______is to make imports more expensive for domestic buyers.

A) exchange controls
B) embargo
C) dumping
D) tariffs

Imports

The act of bringing goods or services into one country from another for commercial purposes.

Domestic Buyers

Consumers or entities within a country that purchase goods and services produced in their own country.

Tariffs

Taxes imposed by a government on imported or exported goods.

  • Grasp the impact of tariffs, quotas, and other trade restrictions on international trade.
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Verified Answer

EA
edwin alajoMay 27, 2024
Final Answer :
D
Explanation :
Tariffs are taxes imposed on imported goods and services. They are used by governments to make imports more expensive for domestic buyers, thereby protecting local industries from foreign competition.