Concept:An import tariff is a tax charged on goods brought into a country from abroad.
Explanation:When a government places a tariff on imported goods, their prices increase in the local market.
As a result, consumers may find local products cheaper or more attractive in comparison.
This helps domestic companies, especially newly established ones, to compete with well-known foreign brands.
Such young businesses are often called infant industries because they are not yet strong enough to face international competition.
By reducing the advantage of cheaper imports, the tariff gives these industries time to grow and become stable.
Hence, protecting infant industries is one of the main benefits of import tariffs.
Answer:C. Protection of infant industries