Tariff rate quotas help domestic consumers but hurt domestic producers of the good in question.

Name: Tariff rate quotas help domestic consumers but hurt domestic producers of the good in question.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Tariff rate quotas can protect domestic producers by limiting the quantity of goods that can be imported at a lower tariff rate, thereby reducing competition from foreign producers. This can potentially hurt domestic consumers by keeping prices higher than they would be with more competition.

Tariff Rate Quotas Help Domestic Consumers but Hurt Domestic Producers