Who gains and who loses when a country imposes a tariff or a quota on imports of a good? Suppose the United States imposes a tariff or quota on sugar imports. For each of the following, enter the letter G if it will gain from the tariff or quota or enter the letter L if it will lose from the tariff or quota. Domestic sugar producers and their workers

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Travis Gilmore

Business

3 November, 14:17

Who gains and who loses when a country imposes a tariff or a quota on imports of a good? Suppose the United States imposes a tariff or quota on sugar imports. For each of the following, enter the letter G if it will gain from the tariff or quota or enter the letter L if it will lose from the tariff or quota. Domestic sugar producers and their workers

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Kayleigh · Answer 1

Answer: When a country imposes a tariff or a quota on imports of a good, those local sugar producers benefit because it is a cost that they should not bear. Therefore, if the United States imposes a tariff or a quota on sugar imports, US sugar producers and their workers would benefit - G.

And those who consume sugar, such as companies that use sugar in their production process, or consumers are harmed.