Governments often impose tariffs on imported goods primarily to achieve which economic goal?
A
To reduce the cost of foreign goods for consumers.
B
To promote free trade agreements with other nations.
C
To protect domestic industries from foreign competition.
D
To decrease government revenue through international trade.
✓ Correct Answer: Option C
Tariffs are taxes on imports. By making imported goods more expensive, tariffs aim to make domestically produced goods more competitive and protect local industries and jobs.
💡 Why is C) the correct answer?
The correct answer to the question "Governments often impose tariffs on imported goods primarily to achieve which economic goal?" is Option C: To protect domestic industries from foreign competition..
The other options — A) To reduce the cost of foreign goods for consumers., B) To promote free trade agreements with other nations., D) To decrease government revenue through international trade. — are incorrect for this GED Exam Prep question. As explained above: Tariffs are taxes on imports. By making imported goods more expensive, tariffs aim to make domestically produced goods more competitive and protect local industries and jobs.
📚 About This GED Exam Prep Practice Question
This 2-level GED Exam Prep question from the Social Studies topic is part of BrainForge Quiz's free exam preparation library.
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