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Economics
MEDIUM
ENGLISH
Economics
Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?
A
Progressive and thus bear down on the wealthy
Option A
regressive and thus bear down on the poor
Correct answer
C
proportional and thus bear down on all consumers in the same manner
Option C
D
deflationary and thus result in reductions in the price of imports
Option D
Correct answer: B
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