Question

Which group of people would be most likely to support a tariff imposed on cotton imported into the United States?
a. cotton growers in the United Statesb. cotton consumers in the United Statesc. cotton growers overseas.d. governments of other nations in which cotton can be grown at a comparative advantage

Answer 1

Answer:

The correct answer is letter "A": cotton growers in the United States.

Explanation:

Tariffs are levies imposed by governments on import products. This is typically done to protect the domestic production and to boost employment in that industry. The companies abroad are at a disadvantage because they will need to pay more taxes reducing their profits. Imposing tariffs usually causes retaliation leading to "trade wars" among countries.