A worker is likely to benefit from a tariff in the short run if the worker is employed in the industry that is protected by the tariff.

Question

Quizplus · Accepted Answer

If the worker is employed in the industry that is protected by the tariff, the increased demand for domestic products caused by the tariff could lead to increased employment in that industry in the short run, allowing the worker to benefit. However, in the long run, protectionist policies like tariffs can harm overall economic growth and potentially lead to job losses in other industries.

A Worker Is Likely to Benefit from a Tariff in the Short