Tariffs can be thought of as indirect:
A) special taxes on domestic producers.
B) subsidies to domestic producers.
C) subsidies to foreign producers.
D) subsidies to domestic consumers.

Question

Quizplus · Accepted Answer

Tariffs are taxes on imported goods, which make foreign products more expensive and less competitive compared to domestic products. This effectively acts as a subsidy to domestic producers by protecting them from foreign competition.

Tariffs Can Be Thought of as Indirect