Spain Is an Importer of Computer Chips,taking the World Price

question 252

Multiple Choice

Spain is an importer of computer chips,taking the world price of $12 per chip as given.Suppose Spain imposes a $5 tariff on chips.As a result,

• A)Spanish consumers of chips and Spanish producers of chips both gain.
• B)Spanish consumers of chips gain and Spanish producers of chips lose.
• C)Spanish consumers of chips lose and Spanish producers of chips gain.
• D)Spanish consumers of chips and Spanish producers of chips both lose.

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