Tariffs on imported coffee will result in all of the following except:

Question

Quizplus · Accepted Answer

Tariffs on imported coffee would make it less competitive in the domestic market, leading to a decrease in demand for it. As a result, the price of imported coffee would rise, making it more expensive for consumers. This could potentially benefit domestic coffee producers as they may be able to sell more of their product due to the higher price of imported coffee. However, this would not result in any gains for workers in the foreign coffee market. On the contrary, such tariffs could hurt their employment opportunities and income.

Tariffs on Imported Coffee Will Result in All of the Following