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Home › Bihar Board Class 12 (Commerce) › Business Studies › International Business › What effect on imported goods' prices is a tarif…

What effect on imported goods' prices is a tariff designed to have?

AFix them forever
BRaise them
CLower them
DHalve them
Answer & Solution
Correct answer: B. Raise them
Tariffs raise the price of imports so that citizens are encouraged to buy local products.
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