A lower tariff on imported steel would most likely benefit
A) foreign producers at the expense of domestic consumers.
B) domestic manufacturers of steel.
C) domestic consumers of steel.
D) workers in the steel industry.
E) foreign consumers of steel.

Question

Quizplus · Accepted Answer

A lower tariff on imported steel reduces the cost for importers, which can lead to lower prices for domestic consumers who buy products made of steel. This makes steel more affordable for consumers and companies that use steel as an input for their products.

A Lower Tariff on Imported Steel Would Most Likely Benefit