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CFA Level 1
Economics

Economic Rationale for Tariffs

Easy International Economics Trade Restrictions

International trade is often subject to various restrictions that can impact the economies of countries involved. One common type of trade restriction is a tariff, which is a tax imposed on imported goods. This question explores the effect of tariffs on the domestic and international economy.

Which of the following statements best describes the primary economic rationale for a government to impose tariffs on imported goods?

Hint

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