Question

1
Trade barriers are most likely to affect consumers by
A. raising prices.
B. reducing inflation.
C. reducing income tax rates.
D. raising sales tax rates.

Answer 1

Answer:

Trade barriers such as tariffs raise prices and reduce available ... The overall effective rate of these tariffs appears low, but varies widely across categories of goods. ... Generally, tariffs result in consumers paying more for goods than they ..... [9] Scott C. Bradford, Paul L. E. Grieg, and Gary Clyde Bauer

Explanation:

Answer 2

Answer:

A

Explanation:Trade barriers such as tariffs raise prices and reduce available quantities of goods and services for U.S. businesses and consumers, which results in lower income, reduced employment, and lower economic output.