Other things equal, a tariff is

Name: Other things equal, a tariff is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Compared to an import quota, a tariff generates revenue for the U.S. Treasury. Therefore, a tariff is superior to an import quota for Americans in terms of generating revenue. However, neither option necessarily benefits American consumers, as they will likely pay higher prices for imported goods. Therefore, the answer does not include choices A or B, which make claims about the impact on foreign or domestic producers.

Other Things Equal, a Tariff Is