Economists consider tariffs to be:
A)necessary.
B)beneficial to domestic consumers.
C)harmful to domestic producers.
D)obstacles that reduce gains from trade.(True Answer )Correct

Question

Quizplus · Accepted Answer

Tariffs are generally viewed by economists as obstacles because they impose additional costs on imported goods, leading to reduced efficiency in global trade and often causing retaliatory measures. This can decrease the overall gains from trade that could be achieved through more open markets.

Economists Consider Tariffs to Be