If an Import-Competing Firm Is Imperfectly Competitive, Then Under Free

question 63

Multiple Choice

If an import-competing firm is imperfectly competitive, then under free trade an export tariff will ________ domestic market price, ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare.

• A) have no effect on; have no effect on; decrease; increase; decrease
• B) increase; have no effect on; increase; decrease; increase
• C) increase; have no effect on; decrease; increase; decrease
• D) decrease; increase; decrease; increase; decrease
• E) decrease; decrease; increase; decrease; have no effect on

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Definitions:

Mental Illness

A broad term for disorders that affect mood, thinking, and behavior, with varying degrees of impact on day-to-day functioning.

Discouraged

Feeling a loss of confidence or enthusiasm; disheartened.

Hopeless

A state of despair in which an individual feels that their situation is beyond improvement, often associated with depression.

Incorrectly Labeled

Referring to products or items that have been wrongly tagged or identified, potentially leading to confusion or misuse.