An import tariff will producer surplus, consumer surplus, government revenue, an

Question

An import tariff will producer surplus, consumer surplus, government revenue, and overall domestic national welfare. A)increase; decrease; increase; have an ambiguous effect on B)increase; decrease; decrease; decrease C)increase; decrease; have no effect on; have an ambiguous effect on D)increase; decrease; have no effect on; decrease E)increase; increase; decrease; have an ambiguous effect on b)An export subsidy will producer surplus, consumer surplus government revenue, and overall domestic national welfare. A)increase; decrease; increase; have an ambiguous effect on B)increase; decrease; decrease; decrease C)increase; decrease; have no effect on; have an ambiguous effect on D)increase; decrease; have no effect on; decrease E)increase; increase; decrease; have an ambiguous effect on c)An import quota will producer surplus, consumer surplus, government revenue, and overall domestic national welfare. A)increase; decrease; increase; have an ambiguous effect on B)increase; decrease; decrease; decease C)increase; decrease; have no effect on; have an ambiguseffect on D)increase; decrease; have no effect on; decrease E)increase; increase; decrease; have an ambiguous effect on

Explanation / Answer

1a. A

b. C

c. C

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