Tariffs and import quotas would benefit the following groups, except:

Question

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Tariffs and import quotas would increase the prices of imported goods, negatively impacting consumers of the product who would have to pay higher prices. However, domestic producers of the product would benefit as they face less competition from cheaper imports. Workers in domestic firms producing the product could also benefit from increased demand for their products, potentially leading to job growth. The government of the importing country could also benefit from tariffs in the form of increased revenue from tariffs.

Tariffs and Import Quotas Would Benefit the Following Groups, Except