Of the following, who gains from a tariff?
A) the government of the importing country
B) the government of the exporting country
C) consumers in the importing country
D) producers in the exporting country
E) both the government of the exporting country and the government of the importing country
A
Economics
You might also like to view...
A grocery store sells a bag of potatoes at a fixed price of $2.30. Which of the following is a term used by economists to describe the money received from the sale of an additional bag of potatoes?
A) marginal costs B) pure profit C) net benefit D) marginal revenue E) gross earnings
Economics
Compared to the Keynesian transmission mechanism, the monetarist transmission mechanism is
A) direct. B) indirect. C) inverse. D) none of the above
Economics