Which of the following statements is NOT correct?

A. Tariffs hurt producers and help consumers in the country imposing the tariff.
B. Tariffs always decrease economic domestic well-being if imposed by a small country.
C. Tariffs can increase, decrease, or leave unchanged the country's economic well-being if imposed by a large country.
D. Tariffs are likely to decrease world economic well-being.


Answer: A

Economics

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