Although an import tariff provides the domestic government additional tax revenue, it benefits domestic consumers at the expense of domestic producers.

Name: Although an import tariff provides the domestic government additional tax revenue, it benefits domestic consumers at the expense of domestic producers.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

An import tariff benefits domestic producers by making foreign goods more expensive and thus less competitive, but it harms domestic consumers by raising the prices of imported goods.

Although an Import Tariff Provides the Domestic Government Additional Tax