According to the graph shown, if the economy is operating under free trade, who would be in favor of a tariff?
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. Domestic producers
B. Domestic consumers
C. Foreign producers
D. Foreign governments.
A. Domestic producers
Economics
You might also like to view...
Globalization is positively associated with
A) declining standards of living. B) economic growth. C) poverty. D) declining rates of investment.
Economics
Retained earnings is income that
a. households retain after paying taxes. b. businesses retain after paying taxes. c. corporations have earned but have not used to invest in plant, equipment, and inventories. d. corporations have earned but have not paid out to their owners.
Economics