Westonci.ca is the premier destination for reliable answers to your questions, provided by a community of experts. Experience the ease of finding precise answers to your questions from a knowledgeable community of experts. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
Sagot :
Tariffs increase the price received by domestic producers and increase the price paid by domestic consumers.
A tariff is a tax imposed by governments on goods and services imported from other countries for the purpose of raising prices and making domestic goods and services less attractive, or less attractive. especially less competitive for domestic goods and services.
The main conclusion is that import taxes reduce the consumer surplus in the import market and increase the surplus in the exporting country. Import duties increase the producer surplus in the import market and decrease the surplus in the exporting country.
Tariffs are intended to protect domestic industries by raising the prices of competitors' products. However, tariffs could also hurt domestic businesses in related industries and raise prices for consumers. Tariffs can also erode the competitiveness of protected industries.
To learn more about tariffs
https://brainly.com/question/22685610
#SPJ4
Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.
