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:

Domains

In biology, refers to the highest categorization in the classification of life, dividing organisms into three groups: Bacteria, Archaea, and Eukarya.

Bacteria

Single-celled microorganisms that can be found in various environments, some of which are beneficial while others can cause diseases.

Poaceae

A large and economically important family of plants, also known as the grass family, which includes species like wheat, corn, and rice.

Classification

The systematic arrangement of living organisms into hierarchical groups based on their characteristics and evolutionary history.