Recall the Application about the impact tariffs have on lower income households to answer the following question(s) . Economists have found that tariffs in the United States fall most heavily on lower-income consumers. In the United States, tariffs are very high on textiles, apparel items and footwear, and within these categories the highest tariffs fall on the cheapest products. In general, to protect U.S. industries, tariffs are highest on labor-intensive goods.
-Based on the Application,we can conclude that U.S.tariffs hurt poor consumers disproportionately because
A) U.S. tariffs fall heaviest on labor intensive goods.
B) U.S. tariffs fall heaviest on the lowest price goods in a category.
C) U.S. tariffs are on goods like apparel items that poor consumers spend a larger fraction of income on.
D) all of the above
Correct Answer:
Verified
Q119: Which of the following situations will arise
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