Question

Which type of goods, domestic or imported, becomes more expensive as a result of tariffs?

Answer 1

Answer:

Imported goods, is the right answer.

Explanation:

As a result of the tariff, the imported goods and services will become expensive.

The tariff is a kind of tax which is imposed on the imported commodity in order to increase the price of imported goods and decrease its supply. Primarily, the tariff is imposed to promote domestic commodities and decrease the competition in the market to benefit the domestic producers of a nation.

Answer 2

The type of good that become expensive as a result of tariffs is IMPORTED GOODS.
Governments usually use tariffs to protect and to promote domestic goods. Putting tariffs on imported goods makes them more expensive and discourage consumers from buying them.