Question

Kelia, the owner of a Lebanese factory that produces electrical converters, recently learned that the EU will begin taxing all electrical components imported into EU member nations. In this example, a tariff is being implemented to protect European electrical component manufacturers. Group startsTrue or FalseTrue, unselectedFalse, unselected

Answer 1

Considering the situation described above, it is true that in this example, a tariff is being implemented to protect European electrical component manufacturers.

This is because when tariffs are placed on imported goods, the price of imported goods would be higher compared to domestic goods.

This situation would make domestic goods appealing and have more demand than imported goods. As a result, domestic goods are protected from the competition of imported goods.

Hence, in this case, it is concluded that the correct answer is "True."

Learn more about Tariffs here: brainly.com/question/20800855