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The Political Popularity of a Tariff on Imported Goods That

Question 16

Multiple Choice

The political popularity of a tariff on imported goods that compete with products of a well-established domestic industry is

A) surprising since one would expect the political power of consumers to override the interests of even a well-established domestic industry.
B) surprising since one would expect the economic harm resulting from tariffs to be well understood by voters.
C) not surprising since such a tariff would generally benefit an easily recognized interest group at the expense of uninformed, uninterested consumers.
D) not surprising since the tariff enables domestic producers and consumers to gain at the expense of foreigners.

Correct Answer: