"A tariff on imports of a product hurts domestic consumers of this product more than it benefits domestic producers of the product." Do you agree or disagree? Explain why you do/don't.© BrainMass Inc. brainmass.com October 25, 2018, 6:27 am ad1c9bdddf
I think that a tariff on imports of a product hurts both domestic consumers of the product and domestic producers of the product. This is because by imposing a tariff on the product, consumers are deprived of their right of access to the best products available on the market. In addition, because of the imposition of the tariff, consumers have fewer choices of the brand. Furthermore, tariffs reduce the ...
Tariffs to producers in importing and exporting countries
We know that a tariff raises the price of a good in the importing country and lowers it in the exporting country.
As a result of these price changes, do producers lose or gain?View Full Posting Details