Research studies indicate that:
A. U.S. producers gain more from tariffs than U.S. consumers lose.
B. the costs of trade restrictions are proportionately higher for high-income groups than for
low-income groups.
C. the revenue from tariffs equals the total cost that tariffs impose on consumers.
D. U.S. consumers lose more from tariffs than U.S. producers gain.
D. U.S. consumers lose more from tariffs than U.S. producers gain.
You might also like to view...
In the short run, if aggregate demand shifts to the left while the position of the short-run aggregate supply curve does NOT change, then
A) the level of economic activity rises. B) a recessionary gap occurs. C) there is no change in real GDP and the price level. D) an inflationary gap occurs.
Gold and silver have historically been the most common form of commodity money
a. True b. False Indicate whether the statement is true or false