A reason tariffs and quotas are imposed is that
A) their costs are spread among many people and their benefits are concentrated.
B) their costs are concentrated and their benefits are spread among many people.
C) they create net benefits in the long run.
D) they reduce import dependence.

Question

Quizplus · Accepted Answer

Tariffs and quotas are often imposed because their costs are spread among many consumers (in the form of higher prices), while the benefits are concentrated among domestic producers who are protected from foreign competition.

A Reason Tariffs and Quotas Are Imposed Is That