There is widespread agreement among economists that import tariffs increase overall employment in the levying country.

Question

Quizplus · Accepted Answer

There is no consensus among economists on the impact of import tariffs on overall employment. While some argue that tariffs may increase employment in certain industries protected from competition, others argue that they lead to a net loss of jobs by reducing efficiency and raising consumer prices.

There Is Widespread Agreement Among Economists That Import Tariffs Increase