One benefit from tariffs would be
A) the increase in efficiency.
B) the elimination of deadweight loss.
C) the increase in consumer surplus.
D) the protection of domestic businesses.
E) more imports into the country.

Question

Quizplus · Accepted Answer

Tariffs are designed to protect domestic businesses by making imported goods more expensive, thereby increasing the cost for consumers to purchase those goods. This makes it less likely that consumers will choose the imported goods over those produced domestically, giving domestic businesses a competitive advantage.

One Benefit from Tariffs Would Be