Question 35
Transport, Trade and TourismImport tariffs are imposed on goods entering a country in order to
- A.encourage importation of goods from abroad
- B.protect the growth of local industries
- C.discourage the growth of local industries
- D.save a lot of money in foreign accounts
Show the answer and explanation
Answer: B (protect the growth of local industries)
Explanation
Tariffs make imports dearer, so locally made goods can compete and local industries grow.