The principle benefit of tariff protection goes to a. foreign consumers of the good produced. b. domestic consumers of the good produced. c. foreign producers of the good produced. d. the domestic government. e. domestic producers of the good produced.

Question

Jackson Le

Business

17 September, 09:04

The principle benefit of tariff protection goes to a. foreign consumers of the good produced. b. domestic consumers of the good produced. c. foreign producers of the good produced. d. the domestic government. e. domestic producers of the good produced.

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Answers (1)

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Reid Black · Answer 1

The correct answer is E

Explanation:

Tariffs is the term which is mostly levied through the domestic government in order to protect the new industries from the foreign competition, protect from foreign companies offering their products for a price lower and also to protect or guard the aging industries from foreign competition.

The main or primary principle benefit or advantage which tariff protection provides to the domestic industry or producers from the competition of foreign, which in turn means protecting or guard the goods produced.