A tariff benefits domestic producers but hurts domestic consumers.
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Q10: If the world price of a good
Q162: Protectionism policies restrain trade through price controls
Q163: A quota is a stated quality standard
Q164: Reducing tariffs causes consumer surplus to increase
Q165: Domestic consumers lose more than domestic producers
Q166: Economic theory supports the existence of specialized
Q168: Trade increases competition for domestic producers and
Q169: There is strong evidence to support the
Q170: Protectionism tends to create a society that
Q171: Imposing tariffs results in both wasted resources
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