Losers of Tariffs Include

question 12

Multiple Choice

Losers of tariffs include

• A)Foreign producers
• B)Domestic consumers
• C)Government
• D)Both foreign producers and domestic consumers

---

Definitions:

Informed Exchange

A transaction where all parties involved have access to essential information relevant to the trade or deal.

Voluntary Exchange

A transaction where two parties freely agree to trade goods, services, or resources for mutual benefit.

Circumstances

The existing conditions or state of affairs surrounding and affecting an agent or event.

Trade

The exchange of goods and services between individuals or entities, often across borders, which can improve efficiency and contribute to economic growth.