🎓 GED Exam Prep

When a government imposes a tariff on imported goods, what is a likely effect on domestic consumers?

A Lower prices for imported goods
B Increased variety of goods available
C Higher prices for both imported and similar domestic goods
D Greater competition from foreign producers

✓ Correct Answer: Option C

Tariffs are taxes on imports, making foreign goods more expensive. This often leads to domestic producers raising their prices as well, resulting in higher costs for consumers for both imported and domestically produced items.

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