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Gre4nikov [31]
4 years ago
5

Who gains and who loses when a country imposes a tariff or a quota on imports of a​ good? Suppose the United States imposes a ta

riff or quota on sugar imports. For each of the​ following, enter the letter G if it will gain from the tariff or quota or enter the letter L if it will lose from the tariff or quota.   Domestic sugar producers and their workers
Business
1 answer:
Sedaia [141]4 years ago
8 0

Answer: When a country imposes a tariff or a quota on imports of a good, those local sugar producers benefit because it is a cost that they should not bear. Therefore, if the United States imposes a tariff or a quota on sugar imports, <u>US sugar producers and their workers would benefit - G. </u>

And those who consume sugar, such as companies that use sugar in their production process, or consumers are harmed.

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