A tariff in a large country
A) will not benefit the country or the world.
B) will benefit the country but not the world.
C) will benefit the world but not the country.
D) may benefit the country but not the world.

Question

Quizplus · Accepted Answer

A tariff in a large country may benefit the country by reducing imports and therefore increasing demand for domestic goods, but it may harm the world by reducing overall trade and potentially leading to retaliation by other countries. Therefore, it may benefit the country but not the world.

A Tariff in a Large Country