A U.S. tariff imposed on items that can be produced more cheaply abroad
A) benefits Americans by making these goods cheaper.
B) makes the goods more expensive in foreign markets.
C) creates a deadweight loss.
D) makes the world market more efficient.

Question

Quizplus · Accepted Answer

A tariff generally creates a deadweight loss by reducing the quantity of trade, leading to inefficiencies and loss of welfare in the market.

A US Tariff Imposed on Items That Can Be Produced More