If we consider the impact on both consumers and producers, then protection of the steel industry is ?

Tariffs 25/08/2024

A. In the interest of the U.S as a whole but not in the interest of the state of Pennsylvania where steel mills are located
B. In the interest of the U.S as a whole and in the interest of the state of Pennsylvania
C. Not in the interest of the U.S as a whole, but it might be in the interest of the state of Pennsylvania
D. Not in the interest of the U.S as a whole, nor in the interest of the state of Pennsylvania

Related Mcqs:

    In developed countries, tariffs on raw materials tend to be ?
    A. highest of all B. higher than on manufactured goods C. equal to tariffs on manufactured goods D. lower than on manufactured goods...
    The national security argument for protection is more likely to be valid when ?
    A. The purpose is to maintain protection for an indefinite time period B. The industry is characterized by increasing returns to scale C. The economy operates during a recession D. The protected industry provides invaluable goods during periods of war...
    A tax of 15 percent per imported item would be an example of a (an) ?
    A. Ad valorem tariff B. Specific tariff C. Effective tariff D. Compound tariff...
    With free trade the total value of imports would equal ?
    A. $100,000 units B. $400,000 units C. $600,000 units D. $800,000 units...
    With the tariff the government collects?
    A. $75,000 B. $100,000 C. $125,000 D. $150,000...

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