6
QuizLong Text

Exploring Culture: World Religions — Unit test

Question 6 • 670201 World History S1 – MYERS, JOSHUA A

How do tariffs work to protect a nation's industry and goods manufacturing?

Answer

Answer:

Responses may vary but should include some or all of the following information: Tariffs are trade barriers that are meant to protect a nation’s best interests. They are taxes placed on imported goods to make foreign products more expensive. Since these goods are more expensive, consumers tend to select the less expensively made goods that were produced by their own country’s manufacturers. This process encourages industry within the home country. Therefore, tariffs can help shelter a country’s economy.

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