If a tariff is imposed on imports of t-shirts into Australia,Australian consumers ________ and Australian producers ________.

Question

Quizplus · Accepted Answer

When a tariff is imposed on imports of t-shirts into Australia, the price of imported t-shirts will rise, making them less attractive to Australian consumers. As a result, they lose out. Australian producers, on the other hand, would gain because the tariff would make imported goods more expensive, giving them a competitive advantage. Therefore, the best choice is D - Australian consumers lose, while Australian producers gain.

If a Tariff Is Imposed on Imports of T-Shirts into Australia,Australian