One reason why consumers are unlikely to be too upset about tariffs is because
A) most consumers benefit from protection.
B) tariffs are an inexpensive way to create jobs.
C) consumer losses are not real losses.
D) the costs are so spread out that no one pays a big share of the total.
Correct Answer:
Verified
Q11: Explain how potential gains from further reductions
Q12: Countries like Argentina and Australia protect agriculture
Q13: At this point, potential gains from further
Q14: The WTO's Doha Development Agenda is only
Q15: Sixty years after the signing of GATT
Q17: At the end of World War II,
A)
Q18: The average agricultural tariff in the U.S.
Q19: The system of trade rounds under GATT
Q20: Tariffs are highest in which sector internationally?
A)
Q21: Trade barriers are an expensive and inefficient
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