Question

Why are tariffs and other trade barriers economically harmful when they save some jobs? A. Such tariffs make all workers lazy. B. The higher prices forced upon the people by the tariffs ultimately will cost more jobs than they save. C. The tariffs and trade barriers will probably cause other countries to declare a trade war in order to force removal of the tariffs. D. Imposing high tariffs will cause expulsion from the United Nations and other nations will think of such a country as a "rogue state."

Answer 1

I think the correct answer from the choices listed above is option B. Tariffs and other trade barriers are economically harmful because the higher prices forced upon the people by the tariffs ultimately will cost more jobs than they save. Hope this answers the question.