select the correct answer. what is the long - term effect of tariffs and other trade barriers? a. higher…
select the correct answer. what is the long - term effect of tariffs and other trade barriers? a. higher prices b. more goods c. lower prices d. more jobs
Answer
Brief Explanations:
Tariffs and trade barriers limit imports. This reduces competition in the domestic market. With less competition, domestic producers can charge higher prices in the long - term.
Answer:
A. higher prices