Evidence indicates that tariffs and quotas are
A) beneficial for producers in a protected industry,but not beneficial for the workers in the industry.
B) beneficial for producers in a protected industry,but not beneficial for consumers.
C) beneficial for workers in a protected industry,but not beneficial for consumers.
D) not beneficial for the workers in a protected industry or for consumers.
E) b and c

Question

Quizplus · Accepted Answer

Tariffs and quotas can be beneficial for both producers and workers in a protected industry because they can lead to higher domestic prices and potentially more employment or better wages in that industry. However, these measures are generally not beneficial for consumers, who face higher prices and less choice as a result. Therefore, both B and C are correct.

Evidence Indicates That Tariffs and Quotas Are