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:

RRSP

A Registered Retirement Savings Plan, which is a retirement savings and investing plan for employees and the self-employed in Canada.

Compounded Semi-Annually

The process of applying interest to a principal sum twice a year, resulting in interest earning interest over time.

Monthly Payments

Recurring payments made every month towards the repayment of loans or financial obligations, such as mortgages or personal loans.

Investing

Distributing monetary resources in the hope of creating financial gain or earnings.