Suppose protective tariff on shirts is initiated in country

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Reference no: EM131091839

Suppose a protective tariff on shirts is initiated in Country X, which had been importing them from Country Y. Among the following groups, who gains an who loses (short term)?

Indicate gain or loss:

Consumer of shirts in Country X

Consumers of shirts in Country Y

Owners of shirt factories and their employees in Country X

Ownsers of shirt factories and their employees in Country Y

The private sector in Country X, ie, excluding its government

Country X as a whole, including its government.

Reference no: EM131091839

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