The principal benefit of tariff protection goes to:
A) Domestic consumers of the good produced
B) Domestic producers of the good produced
C) Foreign producers of the good produced
D) Foreign consumers of the good produced

Question

Quizplus · Accepted Answer

Tariff protection benefits domestic producers of the good produced by making it more expensive for foreign producers to sell their goods in the domestic market. This provides domestic producers with a competitive advantage and can allow them to increase sales and profits. Domestic consumers and foreign producers, on the other hand, may be harmed by higher prices and reduced access to the domestic market. Foreign consumers are generally unaffected by tariff protection.

The Principal Benefit of Tariff Protection Goes To