Who Does Not Gain When a Tariff Is Imposed

question 236

Multiple Choice

Who does not gain when a tariff is imposed?

• A)Domestic producers of the good.
• B)Domestic workers in the protected industry.
• C)Domestic consumers of the good.
• D)Domestic suppliers in the protected industry.
• E)All of the choices are true

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Definitions:

Control

The power or authority to direct, manage, oversee or govern individuals, organizations, or systems.

Specific Job

Employment or position defined by unique duties, responsibilities, and requirements distinct from other roles within an organization.

Agency Relationship

A legal arrangement where one party, the agent, acts on behalf of another, the principal, in engaging with third parties.

Mutual Agreement

A consent or accord reached by two or more parties, typically forming the basis for a contractual relationship.