Question ID:PT80 S4 Q14 Passage:Principle: A government should reduce taxes on imports if doing so would financially benefit many consumers in its domestic economy. There is a notable exception, however: it should never reduce import taxes if one or more of its domestic industries would be significantly harmed by the added competition.Conclusion: The government should not reduce taxes on textile imports. Stem:Which one of the following is a statement from which the conclusion can be properly drawn using the principle? Correct Answer Choice:EChoice A:Reducing taxes on textile imports would not financially benefit many consumers in the domestic economy. Choice B:Reducing taxes on textile imports would financially benefit some consumers in the domestic economy but would not benefit the domestic textile industry. Choice C:The domestic textile industry faces significant competition in many of its export markets. Choice D:The domestic textile industry and consumers in the domestic economy would benefit less from reductions in taxes on textile imports than they would from other measures. Choice E:The added competition produced by any reduction of taxes on imports would significantly harm the domestic textile industry.