Of the Following,who Gains Because of Tariffs and Why

question 259

Multiple Choice

Of the following,who gains because of tariffs and why?

• A) domestic producers of protected goods because they can sell at a higher price
• B) domestic buyers because they can be sure of buying high-quality products
• C) foreign producers because they earn more total revenue
• D) foreign government because they gain more revenue
• E) domestic buyers because they pay a lower price

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Definitions:

Billion Years

A time span equivalent to 1,000 million years, often used in the context of Earth's age or the time span of cosmic events.

Million Years

A unit of time equal to one thousand thousand (1,000,000) years, often used in geological and paleontological contexts.

CT Scans

Imaging procedures that use computer-processed combinations of many X-ray measurements taken from different angles to produce cross-sectional images of specific areas of a scanned object.

MRI Scans

Medical imaging techniques that use magnetic fields and radio waves to produce detailed images of the body's internal structures, including organs and tissues.