QUESTION IMAGE
Question
why does the federal government impose tariffs?
because tariffs are designed to attract better products
because tariffs are designed to protect domestic goods
because tariffs are designed to protect imported goods
because tariffs are designed to attract safer products
Tariffs are taxes on imported goods. The main purpose of a federal government imposing tariffs is to make imported goods more expensive, which in turn helps protect domestic industries (and their goods) from foreign competition. The first option is incorrect as tariffs don't attract better products. The third option is wrong because tariffs don't protect imported goods (they make them costlier). The fourth option is incorrect as tariffs aren't about attracting safer products. The second option correctly states the purpose related to protecting domestic goods.
Snap & solve any problem in the app
Get step-by-step solutions on Sovi AI
Photo-based solutions with guided steps
Explore more problems and detailed explanations
B. because tariffs are designed to protect domestic goods