A Large Country Can Gain from Imposing a Tariff on the Import

question 19

Multiple Choice

A large country can gain from imposing a tariff on the import of a good if:

• A)the tariff drives the quantity imported to zero.
• B)the tariff is high enough that the country becomes an exporter of the product.
• C)the part of the tariff paid by the foreign exporters is greater than the losses arising from the production and consumption effects of the tariff in the domestic market
• D)the tariff revenue collected by the domestic government is less than the losses caused by the production and consumption effects of the tariff.

Calculate the proceeds from the sale of financial instruments discounted at a given rate.

Evaluate and rank financial options based on their present or future value.

Compute the total repayment amount for loans with multiple disbursements and varying interest rates.

Determine the size of equal payments required to repay a loan or fulfill an obligation under specific conditions.

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