According to Experts,which of the Following Groups Most Benefits from the Imposition

question 16

Multiple Choice

According to experts,which of the following groups most benefits from the imposition of tariffs?

• A)Government and producers
• B)Consumers and trade associations
• C)Exporters and importers
• D)Producers and foreign competitors

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Definitions:

Indian Tribes

Indigenous communities recognized as sovereign entities with their own governance and cultural traditions within the United States.

Treaty of Paris

This refers to several historical agreements, with the most famous being the 1783 treaty that ended the American Revolutionary War, recognizing U.S. independence from Britain.

Economic Developments

Refers to progress in economic activities, marked by growth in industries, technologies, and improved living standards.

Deflation

An economic condition characterized by a decrease in the general price level of goods and services, often resulting in increased purchasing power of the currency.