Tariffs and Import Quotas Would Benefit the Following Groups, Except

question 133

Multiple Choice

Tariffs and import quotas would benefit the following groups, except:

• A) Consumers of the product
• B) Domestic producers of the product
• C) Workers in domestic firms producing the product
• D) The government of the importing country

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Definitions:

Net Income

The total earnings of a company after subtracting all expenses, taxes, and costs from its total revenue; also known as net profit.

Net Sales

The net amount acquired from sales after subtracting returns, allowances, and discounts.

Held-to-Maturity Securities

Financial instruments in the form of debt that a corporation plans to retain until their maturity date.

Short-Term Investments

Financial assets that are expected to be converted into cash or sold within a year, such as stocks or bonds.