What is a common measure implemented to control imports?

Study for the SQA National 5 Economics Exam. Engage with flashcards and multiple choice questions, each featuring hints and comprehensive explanations. Prepare confidently for your exam!

Tariffs are a common measure implemented to control imports because they involve imposing taxes on goods that are brought into a country from abroad. This additional cost makes imported goods more expensive for consumers, which can lead to a decrease in demand for those products. By raising the price of imported goods, tariffs encourage consumers to buy domestically produced items instead. This, in turn, can help protect local industries and jobs by limiting foreign competition.

In contrast, subsidies refer to financial support given by the government to domestic producers, which can help lower their costs and encourage production, but they are not a direct measure for controlling imports. Investments pertain to the allocation of resources into projects or businesses rather than restrictions on imports. Wages are related to labor compensation and do not directly impact import control measures. Thus, tariffs are the most direct and widely used tool for managing the flow of imports into a country.

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