Multiple Choice
After reading the application,we can conclude that U.S.tariffs hurt poor consumer's the disproportionately because:
A) U.S.tariffs fall heaviest on labor intensive goods.
B) U.S.tariffs fall heaviest on the lowest price goods in a category.
C) U.S.tariffs are on goods like apparel items that poor consumers spend a larger fraction of income on.
D) all of the above
Correct Answer:
Verified
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