Question

Which statement BEST explains why a tariff is considered a trade restriction?

Answer 1

A) Manufacturers use tariffs to determine the number of laborers needed for production.

B) The government uses tariffs to limit the number of imports that can enter a country.

C) Tariffs allow nations to specialize and focus on producing goods at a cheaper cost.

D) Tariffs result in higher priced imported goods and lower priced domestic goods.

Answer 2

http://www.investopedia.com/articles/economics/08/tariff-trade-barrier-basics.asp

Answer 3

thanks. what do you think the answer could be?

Answer 4

gimme a min ill try to figure it out

Answer 5

ok

Answer 6

i think D. but im not positive

Answer 7

A tax imposed on imported goods and services. Tariffs are used to restrict trade, as they increase the price of imported goods and services, making them more expensive to consumers. A specific tariff is levied as a fixed fee based on the type of item (e.g., $1,000 on any car).

Answer 8

thats what i think too

Answer 9

so i'll go for d...Thanks

Answer 10

no problem