Solved

Which of the Following Best Explains Why Domestic Industries Are

Question 9

Multiple Choice

Which of the following best explains why domestic industries are often successful in convincing Congress to place tariffs on certain imported products?


A) The revenue generated from the tariffs is less than the revenue from taxes on products produced by the industry.
B) The revenue generated from the tariffs is greater than the benefits of the tariffs to the industry.
C) The cost to any one consumer is small, and the benefits to the industry are large.
D) The benefit to any one consumer is large, and the cost to the industry is small.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents