Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

why does the federal government impose tariffs? because tariffs are des…

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

Explanation:

Brief Explanations

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.

Answer:

B. because tariffs are designed to protect domestic goods