All of the following are justifications for import tariffs except
A) tariffs increase profits for firms in import-competing industries
B) tariffs increase the tax receipts of the domestic government
C) tariffs cause the prices of goods to decrease for the domestic consumer
D) tariffs cause employment to rise in import-competing industries
Correct Answer:
Verified
Q44: Opening up a country to international trade
Q45: Which one of the following groups of
Q46: The imposition of a tariff on imports
Q47: Seekers of trade restrictions are often
A) established
Q48: For the U.S., the imposition of tariffs
Q50: A sudden reduction in import tariffs is
Q51: The promotion of free trade among the
Q52: A quota is similar to a tariff
Q53: A difference between a quota and a
Q54: When import tariffs are imposed by the
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