Multiple Choice
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.
-Recall the Application.Because U.S.tariffs are higher on textiles,footwear and apparel items,U.S.tariffs fall relatively most heavily on
A) the middle class.
B) the rich.
C) the poor.
D) the government.
Correct Answer:
Verified
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