According to this Application, tariffs in the United States are very high on textiles, apparel items and footwear. These tariffs disproportionately impact lower-income households because
A) these products represent a higher fraction of consumption of lower-income households than higher-income households.
B) the tariffs are only applicable to lower-income households.
C) higher-income households tend to purchase products produced in the United States, which are not subject to tariffs.
D) lower-income households tend to purchase more of these items than do higher-income households.
A
Economics
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One of the most widely reported measure of inflation is the consumer price index
Indicate whether the statement is true or false
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The set of all assets that are regularly used to directly purchase goods and services is called:
A. money. B. consumption income. C. disposable income. D. fungible goods.
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