When tariffs are imposed on an imported good, Group of answer choices 1.jobs are saved, but at a high cost to consumers 2.domestic jobs are lost 3.consumers benefit by paying a lower price 4.foreign producers benefit from tariffs
When tariffs are imposed on an imported good, Group of answer choices 1.jobs are saved, but at a high cost to consumers 2.domestic jobs are lost 3.consumers benefit by paying a lower price 4.foreign producers benefit from tariffs
Chapter28: International Trade And Finance
Section: Chapter Questions
Problem 18SQ
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Question
Economics
When tariffs are imposed on an imported good,
Group of answer choices
1.jobs are saved, but at a high cost to consumers
2.domestic jobs are lost
3.consumers benefit by paying a lower price
4.foreign producers benefit from tariffs
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