Question

1. based on the source above, which of the students has identified the most likely reason why canada would institute a tariff?

a group of students were asked why canada might institute a tariff.
kat: \because it makes canadian manufactured products more expensive for canadian consumers, increasing profits for canadian businesses.\
nichole: \because it encourages canadians to buy foreign - made goods, increasing international trade between canada and its trade partners.\
tif: \because it makes foreign - made goods more expensive and encourages canadians to buy canadian products.\
laura: \because it discourage canadians from buying canadian products which are not as good of quality as foreign - made goods.\
a. kat
b. nichole
c. tif
d. laura

Explanation:

A tariff is a tax on imported goods, which raises the price of foreign-made products. This makes foreign goods more expensive relative to domestic (Canadian) goods, incentivizing Canadians to buy domestic products instead.

• Kat's claim is incorrect: tariffs make foreign goods more expensive for Canadian consumers, not Canadian-made products, and they do not increase business profits this way.
• Nichole's claim is incorrect: tariffs restrict international trade, not encourage it.
• Tif's claim is correct: by raising the cost of foreign goods, tariffs make Canadian products more attractive, encouraging Canadians to buy domestic goods.
• Laura's claim is incorrect: tariffs make foreign goods more expensive, not Canadian goods, and they do not frame foreign goods as lower quality.

Answer:

c. Tif