Which of the following groups benefits the most from the imposition of tariffs?

Question

Quizplus · Accepted Answer

The important thing to understand about an import tariff is who suffers and who gains. The government gains, because the tariff increases government revenues. Domestic producers gain, because the tariff affords them some protection against foreign competitors by increasing the cost of imported foreign goods. Consumers lose because they must pay more for certain imports.

Which of the Following Groups Benefits the Most from the Imposition