How do tariffs restrict trade and protect domestic industries?

2 answers:

4 0

Tariffs are essentially taxes or duties placed on an imported good or service by adomestic government, making domestic goods cheaper for domestic consumers and imported goods more expensive for companies exporting goods from theirindustry into the domestic industry.

lisov135 [29]2 years ago

3 0

The cost of tariffs to the economy is not trivial. the World Bank estimates that if all barriers to trade such as tariffs were eliminated, the global economy would expand by 830 billion dollars by 2015.

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Food production in north korea has _____ by that country's emphasis on maintaining a formidable military.

OverLord2011 [107]

Food production in north Korea has decreased by that country's emphasis on maintaining a formidable military.

<h3>How are the people of North Korea getting their food?</h3>

China can be described as the North Korea's biggest aid provider as well as trade partner.

It was recorded that In 2019, China food exports to the North was around $600 million including the importation of cereals, , hence, Food production in north Korea has decreased by that country's emphasis on maintaining a formidable military.

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brainly.com/question/15842547

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