For a Country That Is Considering the Adoption of Either

question 61

Multiple Choice

For a country that is considering the adoption of either a tariff or an import quota on a particular good,an important difference is that

• A)an import quota has no effect on consumer surplus,while a tariff decreases consumer surplus.
• B)an import quota has no effect on producer surplus,while a tariff decreases producer surplus.
• C)a tariff raises total surplus,while an import quota does not.
• D)a tariff raises revenue for that country's government,while an import quota does not.

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Definitions:

Return on Investment

A performance measure used to evaluate the efficiency or profitability of an investment, comparing the magnitude and timing of gains from investment relative to its cost.

Effect Size

A quantitative measure of the strength or magnitude of a phenomenon or the impact of an intervention.

Return on Equity

A financial ratio that measures the profitability of a company in relation to the shareholder's equity.

Training Program

A planned and structured set of activities designed to achieve specific learning outcomes and improve performance.