If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up consuming more of the good than they otherwise would. paying a higher price for the good than they otherwise would. paying a lower price for the good than they otherwise would. having a higher standard of living than they otherwise would.

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02-01-2021
Business

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If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up consuming more of the good than they otherwise would. paying a higher price for the good than they otherwise would. paying a lower price for the good than they otherwise would. having a higher standard of living than they otherwise would.

Sagot :

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anthougo anthougo · Answer 1 · 2021-01-05T22:16:40-05:00

Answer:

If protective import-restricting tariffs are imposed by a country, in the majority of cases that nation's consumers end up

paying a higher price for the good than they otherwise would.

Explanation:

Import-restricting tariffs increase the cost of goods and services imported from other countries. Governments have various reasons for making such impositions. Some claim that the tariffs are imposed to protect local industries or to comply with local content requirements. However, these restrictions hamper free trade. They also distort the competitiveness of nations.

Sagot :

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