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5) One effect of high tariffs was that ______

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mcdonbra1
mcdonbra1 mcdonbra1
  • 23-02-2021

Answer:

High tariffs create protectionism, shielding a domestic industry's products against foreign competition. High tariffs usually reduce the importation of a given product because the high tariff leads to a high price for the customers of that product. There are two basic types of tariffs imposed by governments on imported goods.

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