Question

Suppose Australia places a tariff on imported beer. Who would this tariff hurt?

A. Beer producers in Australia.
B. Australian consumers of beer.
C. Retail and shipping companies that import foreign-made beer.
D. Two of the other answers

Answer 1

Australian consumers of beer and retail and shipping companies that import foreign-made beer would be hurt by the tariff on imported beer in Australia.

Step-by-step explanation:

The tariff on imported beer in Australia would primarily hurt Australian consumers of beer. When a tariff is imposed on imported goods, it increases the price of those goods for consumers. In this case, Australian consumers would have to pay a higher price for imported beer, which could potentially discourage them from buying it or reduce their consumption.

Furthermore, the tariff would not only affect consumers but also retail and shipping companies that import foreign-made beer. These companies would face higher costs due to the tariff, which could affect their profitability and competitiveness in the market.

Therefore, the answer is B. Australian consumers of beer and C. Retail and shipping companies that import foreign-made beer.