Asked by
Salsabila Nurazizah
on Dec 12, 2024
Verified
An increase in the tariff on foreign-produced automobiles would most likely help
A) the domestic producers of automobiles.
B) steel producers that sell most of their output to foreign producers of automobiles.
C) workers in the foreign automobile industry.
D) consumers looking for alternatives to domestic automobiles.
Foreign-Produced Automobiles
Vehicles manufactured outside of one's home country, highlighting the global nature of the automotive industry.
Tariff
A tax imposed by a government on goods and services imported from other countries, often used to protect domestic industries from foreign competition.
- Comprehend how tariffs affect domestic consumers and producers.
Verified Answer
CN
Learning Objectives
- Comprehend how tariffs affect domestic consumers and producers.