The imposition of a tariff on a product is least likely to result in a(n):

Question

Quizplus · Accepted Answer

The imposition of a tariff on a product may lead to various economic consequences such as an increase in the price of the product, decrease in the quantity of imports, and decrease in the real incomes of workers in other industries. However, it is unlikely to result in an increase in the efficiency in the domestic industry producing the product, as the tariff may create a protective environment which can lead to complacency and reduced efforts for improving efficiency.

The Imposition of a Tariff on a Product Is Least