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AP Microeconomics
Unit 2 – Supply and Demand
Topic 2.9
Unit 2 – Supply and Demand
2.9 International Trade and Public Policy
mixed difficulty
What is the impact of tariffs on consumer welfare?
Tariffs have no effect on consumer welfare as they primarily target domestic producers.
Tariffs create trade surpluses, resulting in increased consumer welfare.
Tariffs lead to higher prices for imported goods, reducing consumer welfare.
Tariffs lower prices for imported goods, increasing consumer welfare.
Study guides (1)
AP Microeconomics - 2.9 International Trade and Public Policy
Key terms
Tariffs
Consumer Welfare
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