One on the usefulness of import tariff on Imported goods is the _______?
Answer Details
The usefulness of import tariff on imported goods is the protection of infant industries. This means that imposing import tariffs on certain goods makes them more expensive for local consumers, which may discourage people from buying them and instead purchase locally produced goods. This will help to support local industries and prevent foreign companies from dominating the market. By protecting infant industries, governments can help them to grow and become more competitive in the long run.