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98. The political popularity of a tariffon imported goods that compete with prod

ID: 1230831 • Letter: 9

Question

98.   The political popularity of a tariffon imported goods that compete with products of a well-establisheddomestic industry is A.   surprising since one would expect thepolitical power of consumers to override the interests of even awell-established domestic industry. B.   surprising since one would expect theeconomic harm resulting from tariffs to be well understood byvoters. C.   not surprising since such a tariffwould generally benefit an easily recognized interest group at theexpense of uninformed, uninterested consumers. D.   not surprising since the tariffenables domestic producers and consumers to gain at the expense offoreigners. 98.   The political popularity of a tariffon imported goods that compete with products of a well-establisheddomestic industry is

Explanation / Answer

C. not surprising since such a tariff would generally benefit aneasily recognized interest group at the expense of uninformed ,uniterested consumers.