A tariff can be described as ____. The purpose of a tariff is to protect ___.

A) either a tax on or a limit on the quantity of an imported good; domestic producers from foreign competition by raising the domestic price of the good.

B) either a tax on or a limit on the quantity of an imported good; domestic consumers from foreign competition by lowering the domestic price of the good.

C) a tax on an imported good; domestic consumers from foreign competition by lowering the domestic price of the good.

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Respuesta :

Answer:

D) a tax on an imported good; domestic producers from foreign competition by raising the domestic price of the good.

Explanation:

You should consider the case of rent seeking. An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.