Is there any disadvantage to a government placing a tariff on imported goods?
No, it helps domestic consumers, firms, and workers.
No, the only ones who suffer are the foreign firms.
Yes, consumers must pay higher prices.
Yes, consumers must pay higher taxes.

Question

Is there any disadvantage to a government placing a tariff on imported goods?
No, it helps domestic consumers, firms, and workers.
No, the only ones who suffer are the foreign firms.
Yes, consumers must pay higher prices.
Yes, consumers must pay higher taxes.

anonymous · Answer

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anonymous · Answer

Disadvantage to a government placing a tariff on imported goods: Yes, consumers must pay higher prices.