A Tariff Will Benefit

question 8

Multiple Choice

A tariff will benefit

• A) foreign producers by allowing them to sell at a higher price in markets with tariffs.
• B) domestic producers by maintaining a higher than free-trade price.
• C) consumers who are able to better afford domestically produced goods.
• D) All of the above answers are correct.

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Definitions:

Named

Designated or identified by a specific name.

Currency Requirement

A stipulation for the type of currency that must be used in a financial transaction or agreement.

U.S. Dollars

The official currency of the United States, widely used as a benchmark and reserve currency globally.

Negotiability

The ability of a financial instrument to be transferred from one party to another with the title passing to the transferee.