Of the following, who gains with a tariff?
A) domestic buyers of the good or service
B) the importer of the good or service
C) the foreign exporter of the good or service
D) the government of the importing nation
E) the government of the exporting nation
D
Economics
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The benefit that government receives from a tax is measured by
a. the change in the equilibrium quantity of the good. b. the change in the equilibrium price of the good. c. tax revenue. d. total surplus.
Economics
Utility maximization is always achieved where total revenue is maximized.
Answer the following statement true (T) or false (F)
Economics