Of the following, which group is hurt by a tariff?
A) domestic consumers of the good
B) domestic government
C) foreign government
D) foreign consumers of the good
E) domestic producers of the good
A
You might also like to view...
Which of the following statements is FALSE about the long-run effects of outsourcing?
A) Outsourcing allows countries to specialize in producing what they can produce most efficiently. B) More goods and services can be produced than in the absence of outsourcing. C) Globally wages will increase because of outsourcing. D) Employment levels will decrease globally as the result of outsourcing.
Which one of the following persons would be considered unemployed?
a. a person not working who has given up searching for a job b. a part-time worker looking for a full-time job c. a construction worker who was laid off due to cold weather d. a full-time college student who is not a member of the labor force