Multiple Choice
Of the following, who gains because of tariffs and why?
A) Foreign governments because they gain more revenue.
B) Domestic buyers because they pay a lower price.
C) Domestic buyers because they can be sure of buying high-quality products.
D) Foreign producers because they earn more total revenue.
E) Domestic producers of protected goods because they can sell at a higher price.
Correct Answer:

Verified
Correct Answer:
Verified
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