Continued tariff protection for industries that have already attained all potential economies of scale and opportunities for learning by doing is likely to
A) decrease prices to consumers of the products produced in the protected industries.
B) result in increased demand for imports.
C) redistribute income in favour of the factors used in the protected industries.
D) reduce the stream of tariff revenue to the government.
E) reduce employment in the protected industries.
Correct Answer:
Verified
Q80: The diagram below shows supply and demand
Q81: The diagram below shows supply and demand
Q82: The diagram below shows supply and demand
Q83: Consider the following statement: "Canadians on average
Q84: The diagram below shows the domestic demand
Q86: If Canada reduces the tariff imposed on
Q87: If Canada reduces the tariff imposed on
Q88: If a tariff is imposed by a
Q89: The diagram below shows the demand and
Q90: The diagram below shows the domestic demand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents