Why did American business owners favor high tariffs on foreign goods?(1 point) Responses People were more likely to buy goods from foreign business owners than American goods. People were more likely to buy goods from foreign business owners than American goods. Prices of foreign goods decreased. Prices of foreign goods decreased. Prices of American goods increased. Prices of American goods increased. People were more likely to buy goods from American business owners than foreign goods.
The reason American business owners favored high tariffs on foreign goods was because they believed that it would make foreign goods more expensive, therefore making American goods more competitive and attractive to consumers. By raising the prices of foreign goods, they hoped to encourage people to buy from American business owners instead of foreign ones.
