The Effect of a Tariff on a Specific Imported Good

question 23

Multiple Choice

The effect of a tariff on a specific imported good on (domestic) consumer and producer surplus can be summarized as follows:

• A)consumer surplus and producer surplus are both decreased.
• B)consumer surplus is increased and producer surplus is decreased.
• C)consumer surplus is decreased and producer surplus is increased.
• D)there is no effect on either consumer or producer surplus.
• E)consumer surplus and producer surplus are both increased.

---

Definitions:

IPSP

Inhibitory postsynaptic potential; a synaptic potential that makes a postsynaptic neuron less likely to generate an action potential.

Hyperpolarizes

The process of increasing the negative charge within a neuron beyond its resting potential, making it less likely to fire an action potential.

Presynaptic Terminal

The end point of a neuron that conducts electrical signals and releases neurotransmitters to communicate with a neighboring neuron at a synapse.

Nitric Oxide (NO)

A gaseous signaling molecule involved in various physiological processes, including vasodilation and neurotransmission.