Kizspy | Question: 18 (Choose 1 answer)
Which of the following is false about the impact of tariff?
A. The government gains because it increases government revenues.
B. Domestic producers gain because the tariff affords them some protection against foreign competitors by increasing the cost of imported foreign goods.
C. Consumers lose since they must pay more for certain imports.
D. There is no impact of tariff on price of import and/or export products.
