Multiple Choice
Of the following, who gains because of tariffs and why?
A) Foreign producers because they earn more total revenue.
B) Domestic buyers because they pay a lower price.
C) Domestic buyers because they can be sure of buying high-quality products.
D) Domestic producers of protected goods because they can sell at a higher price.
E) Foreign governments because they gain more revenue.
Correct Answer:
Verified
Related Questions
Q30: Q31: If the government decides to impose a Q32: After a tariff is imposed, consumers must Q34: Imposing a tariff on a good leads![]()
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