MCQOPTIONS
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| 1. |
Graphical analysis of tariffs reveals that |
| A. | they benefit domestic consumers at the expense of domestic producers. |
| B. | revenue gains outweigh the costs to domestic consumers. |
| C. | they increase domestic production of the good for which imports face tariffs. |
| D. | although the benefits are not shared equally, everyone in the domestic economy benefits from tariffs |
| Answer» D. although the benefits are not shared equally, everyone in the domestic economy benefits from tariffs | |