Which of the following statements concerning tariffs is NOT true?
A. A tariff results in a loss for for domestic consumers of the good.
B. A tariff creates revenue for the government.
C. A tariff decreases international trade.
D. A tariff leaves the price of imports unchanged.
Answer:D
Which of the following statements concerning tariffs is NOT true?
A. A tariff results in a loss for for domestic consumers of the good. B. A tariff creates revenue for the government. C. A tariff decreases international trade. D. A tariff leaves the price of imports unchanged.