Of the Following,which Group Is Hurt by a Tariff

question 102

Multiple Choice

Of the following,which group is hurt by a tariff?

• A) domestic producers of the good
• B) foreign consumers of the good
• C) domestic consumers of the good
• D) domestic government
• E) foreign government

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Definitions:

Gross Margin Ratio

A financial metric that measures the percentage of revenue that exceeds the cost of goods sold, indicating the profitability of a company's core activities.