Continued tariff protection for industries that have already attained all the possible economies of scale will likely
A) redistribute income away from the factors used in the protected industries.
B) increase prices to consumers of the products produced in the protected industries.
C) reduce employment in the protected industries.
D) reduce the stream of tariff revenue to the government.
E) result in lower domestic prices for the products they produce.
Correct Answer:
Verified
Q1: The diagram below shows the demand and
Q3: Canada and the United States have been
Q4: The table below shows the prices in
Q5: The final round of GATT talks, called
Q6: The diagram below shows the domestic demand
Q7: Suppose that at the current world price
Q8: A common false argument for using tariffs
Q9: Many of the world's industrialized countries initially
Q10: The concept of "trade creation" refers to
A)increased
Q11: The diagram below shows the domestic demand
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