The following include several reasons that government might give for using a tariff on imports? Which is not valid, in the sense that the effect described will not happen.

a. To raise government revenue.
b. To help consumers.
c. To raise incomes of producers.
d. To respond to political pressures from import competing industries.
e. To increase national welfare at the expense of foreigners.


Ans: b. To help consumers.

Economics

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Economics