A tariff
A)makes domestic consumers worse off.
B)makes both domestic producers and consumers worse off.
C)makes everyone better off.
D)makes domestic producers worse off.

Question

Quizplus · Accepted Answer

A tariff is a tax on imported goods, which increases their price in the domestic market. This makes domestic consumers worse off because they have to pay a higher price for goods they could have purchased cheaper from the international market.

A Tariff