Continued Tariff Protection for Industries That Have Already Attained All

question 94

Multiple Choice

Continued tariff protection for industries that have already attained all the possible economies of scale will likely

• A)redistribute income away from the factors used in the protected industries.
• B)increase prices to consumers of the products produced in the protected industries.
• C)reduce employment in the protected industries.
• D)reduce the stream of tariff revenue to the government.
• E)result in lower domestic prices for the products they produce.

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