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Trade Barriers

Question 4 • GA-GSE Personal Finance and Economics

Tariffs are a tax placed on [___] goods.Tariffs are used to give domestically produced goods [___] in the market.As a result of tariffs, imported goods become [___] expensive for consumers

Answer
A
exported
B
imported

Explanation

A tariff is a tax on imported goods, so the first blank is “imported” (choice B). Tariffs make imported products more expensive for consumers and give domestically produced goods a price advantage in the market.

AI-written and checked against the verified answer.

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