How could a tariff protect infant industry? It would make the price competitive with more established markets It would help the

Question

TEA [102]

3 years ago

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How could a tariff protect infant industry? It would make the price competitive with more established markets It would help the

American protect be more valued It would discourage trade It would help customers find the lowest price

Social Studies

1 answer:

Alenkinab [10] · Answer 1 · 2021-12-20T20:41:55+03:00

Answer:

Explanation:

Tariffs are taxes on imports. They effectively raise the prices of those imports, providing an edge to domestic companies in the same markets. Governments usually impose tariffs to help domestic companies, or sometimes to punish foreign competitors for unfair trading practices.

How do tariffs work to protect infant industries? ... They shield new industries in the early stages of their development from the competition of more mature rivals. They raise the trade barriers for imports of child-care products. They increase competition for a new business, forcing it to be more productive.

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