Although domestic consumers gain more from free trade than domestic producers lose, the matter may not be that simple. Why might domestic producers also gain from free trade policies over those that impose tariffs on all goods?
A) because foreign producers will be even worse off
B) because domestic prices are higher under free trade than under protectionism
C) because domestic producers also consume at least some imported goods that cost less
D) because the gains from free trade are random. It is impossible to say who will get them
Correct Answer:
Verified
Q82: Who does protectionism hurt?
A) domestic producers only
B)
Q83: Use the following to answer questions:
Figure: International
Q84: If a tariff decreases domestic consumption of
Q85: When the government increases tariffs:
A) production switches
Q86: Use the following to answer questions:
Figure: International
Q88: A tariff results in a higher:
I. consumer
Q89: Use the following to answer questions:
Figure: International
Q90: In 1845, French economist Frédéric Bastiat famously
Q91: _ have a similar effect upon domestic
Q92: Eliminating tariffs on imported sugar would:
A) cause
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