The United States government puts high tariffs on a certain product that is imported from other countries. What effect does this have in the United States?
A. U.S. producers have to compete more with the imported product.
B. The product costs more in the U.S. that on the world market.
C. The product costs less in the U.S. that on the world market.
I say B can someone help please
Right.
Its B
To determine the effect of high tariffs on a certain imported product in the United States, we need to understand how tariffs work. Tariffs are taxes imposed on goods and services imported from other countries. They are meant to protect domestic industries and producers by making imported products more expensive, which can create advantages for domestic producers.
In this case, the question asks about the effect of high tariffs on a certain product that is imported from other countries. Based on this, we can eliminate options A and C.
Option A states that U.S. producers have to compete more with the imported product. However, high tariffs would make the imported product more expensive in the United States, which means that U.S. producers would face less competition from imported goods. Therefore, option A is not the correct answer.
Option C states that the product costs less in the U.S. than on the world market. This is contradictory to the concept of tariffs, which are designed to increase the price of imported goods. Therefore, option C is also incorrect.
This leaves us with option B, which states that the product costs more in the U.S. than on the world market. This is the correct answer. When high tariffs are imposed on imported products, it increases their cost in the domestic market relative to the world market. As a result, consumers in the United States have to pay more for the product compared to consumers in countries without high tariffs.
In conclusion, the effect of high tariffs on a certain imported product in the United States is that the product costs more in the U.S. than on the world market.