Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?

Question

Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?

Answer 1

A. Progressive and thus bear down on the wealthy
B. regressive and thus bear down on the poor
C. proportional and thus bear down on all consumers in the same manner
D. deflationary and thus result in reductions in the price of imports

Correct Answer: regressive and thus bear down on the poor ✔

Last Updated: June 18, 2019