One reason why consumers are unlikely to be too upset about tariffs is because
A) most consumers benefit from protection.
B) tariffs are an inexpensive way to create jobs.
C) consumer losses are not real losses.
D) the costs are so spread out that no one pays a big share of the total.
E) the gains of producers are larger.
Correct Answer:
Verified
Q8: Infant industry protection requires
A)a positive technological externality.
B)a
Q9: Since the end of World War II,
A)tariffs
Q14: High-income industrial nations such as the United
Q16: The pattern of protection in industrial countries
Q17: Agriculture,clothing,and textiles are singled out for treatment
Q18: Which of the following describes the asymmetry
Q19: The system of trade rounds under GATT
Q20: Tariffs are highest in which sector internationally?
A)
Q24: Describe some of the gains from lowering
Q28: There are asymmetric incentives to support and
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