A tariff hurts
A) the government by decreasing its revenue.
B) domestic producers who can't compete with cheaper imports.
C) consumers who pay more for the imported good.
D) All of the above answers are correct.
C
Economics
You might also like to view...
In developed countries, tariffs are generally imposed _____
a. because they generate a large portion of federal revenue b. because they discourage imports c. because they are equitable d. because they are efficient
Economics
Voluntary agreements may not be a feasible method to internalize an externality when
A) the dollar value of the externality is large. B) the externality is negative rather than positive. C) there are significant transaction costs. D) there are high taxes on the firms that cause the externalities.
Economics