Q
Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
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A
A. Progressive and thus bear down on the wealthy
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B
B. Regressive and thus bear down on the poor
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C
C. Proportional and thus bear down on all consumers in the same manner
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D
D. Deflationary and thus result in reductions in the price of imports
Correct Answer:
B. B. Regressive and thus bear down on the poor
