Which of the following groups benefits the most from the imposition of tariffs?

Question

Quizplus · Accepted Answer

The imposition of tariffs benefits the government and domestic producers the most as they can increase their revenues and protect themselves from competition from foreign producers. Tariffs make imports more expensive, making domestically produced goods more competitive in the market. This benefits the government by increasing its revenue through tariffs collected on the imports and benefits domestic producers as they can charge higher prices due to reduced competition.

Which of the Following Groups Benefits the Most from the Imposition