Consider a Market in Which There Is an Import Tariff

question 46

Multiple Choice

Consider a market in which there is an import tariff. Which of the following is true?

• A) The lost consumer surplus equals the gain in producer surplus plus the government revenue plus the deadweight loss.
• B) The lost consumer surplus equals the gain in producer surplus.
• C) The lost consumer surplus equals the gain in producer surplus plus the government revenue.
• D) The lost consumer surplus plus the deadweight loss equal the gain in producer surplus plus the government revenue.

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Definitions:

Psychological Withdrawal

An employee's disengagement and lack of psychological presence at work, often manifesting as daydreaming, socializing, or looking for other jobs during work hours.

Organizational Commitment

The degree to which an employee identifies with the organization and is willing to put forth effort on its behalf.

Psychological Job Withdrawal

A process by which employees detach from their work roles, often manifesting through reduced engagement, effort, and commitment.

Physical Withdrawal

The act of an employee disengaging from work-related activities, often signaling dissatisfaction or disinterest in the job.