Protection in the Form of Tariffs Create Winners and Losers

Multiple Choice

Protection in the form of tariffs create winners and losers.Winners include ________ and losers include ________.

A) U.S.consumers and taxpayers; foreign firms that rely on U.S.exports
B) firms sheltered from foreign competition; U.S.consumers and taxpayers
C) U.S.firms that rely on exports to foreign countries; foreign manufacturers
D) the U.S.government; firms sheltered from foreign competition