A Lower Tariff on Imported Aluminum Would Most Likely Benefit

question 36

Multiple Choice

A lower tariff on imported aluminum would most likely benefit:

• A) Foreign producers at the expense of domestic consumers
• B) Domestic manufacturers of aluminum
• C) Domestic consumers of aluminum
• D) Workers in the domestic aluminum industry

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Definitions:

Unrealized Loss

A decrease in the value of an investment or asset that has not been sold, thus the loss has not been realized or converted into an actual loss.

Fair Value

The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

Trading Investments

Securities bought and sold for the purpose of profiting from short-term price fluctuations.