Which of the following is not an argument favoring tariffs?
A)They help infant industries grow.
B)They increase consumer surplus for domestic consumers.
C)They reduce domestic unemployment.
D)They are necessary for national security reasons.

Question

Which of the following is not an argument favoring tariffs?
A)​They help infant industries grow.
B)​They increase consumer surplus for domestic consumers.
C)​They reduce domestic unemployment.
D)​They are necessary for national security reasons.

Quizplus · Accepted Answer

Tariffs actually decrease consumer surplus for domestic consumers, as they result in higher prices for imported goods.

Which of the Following Is Not an Argument Favoring Tariffs