The benefits of protective tariffs are
A) they increase the revenues of the government that has implemented them.
B) they decrease the cost of the product to the consumer (end user).
C) they help develop friendlier trade relations with loyal trading partners. Both parties are protected.
D) they protect domestic jobs by encouraging cost-sensitive consumers to purchase domestic products.

Question

Quizplus · Accepted Answer

Protective tariffs raise the retail price of imported goods. This provides domestic companies an opportunity to price their products competitively. The domestic companies have more opportunity to keep costs down and grow, prosper, and eventually hire more people.

The Benefits of Protective Tariffs Are