Question

A tariff on imports of a product hurts domestic consumers of this product more than it benefits domestic producers of the product

Answer 1

Answer:

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Answer 2

True ,a tariff on imports of a product hurts domestic consumers of this product more than it benefits domestic producers of the product

Explanation:

• A Tariff is a tax imposed by one country on the goods and services imported from another country.
• Main purpose of tariff is to serve as a source of revenue, to protect domestic industries, and to remedy trade distortions.
• Tariffs mainly benefit the importing countries.