What is a tariff?, A government payment to exporters, A tax placed on imported goods, A discount given to foreign companies, A rule about product quality, Who usually pays the tariff at first?, The foreign government, The importing business, The exporting country, The customer directly, Why do governments use tariffs?, To make local products more expensive, To stop all international trade, To increase production costs, To protect domestic industries, What is one effect of tariffs on imported goods?, They become cheaper, They disappear from the market, Their prices usually increase, Their quality improves, A government adds a tariff to imported shoes. What is the most likely result?, Imported shoes become cheaper, Local shoe companies become less competitive, Imported shoes become more expensive, helping local producers, Shoe production stops completely
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Tariff
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