What does a successful protective tariff do? (a) It forces foreign ma
What does a successful protective tariff do?
(a) It forces foreign manufacturers to pay higher wages.
(b) It re-enforces competition.
(c) It creates an “economic rent” that goes to the competing domestic industries producing the
taxed imported goods.
(d) It mandates accelerated technological advance in the domestic economy.
ANSWER
(c)
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.