Which of the following is not a short-run impact of increasing tariffs on the American industries they seek to protect?

a. government tax revenues increase
b. domestic production and sales by the protected industries increase
c. consumers' real incomes decrease
d. total domestic and foreign sales of those products in the United States increase

d

Economics

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Strictly speaking, corporations do not pay taxes

a. True b. False

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In the linear breakeven model, the relevant range of output is that range where the linearity assumptions of the model are assumed to hold

a. true b. false

Economics