The Effect of a Tariff on a Foreign Monopolist Is

question 118

Multiple Choice

The effect of a tariff on a foreign monopolist is similar to a large nation
Imposing a tariff on a small nation.What is the implication for the
Welfare of the home nation?

• A)Only very large tariffs bring any benefit to the home nation.
• B)No tariffs are the best policy; all tariffs have a deadweight net loss.
• C)Small tariffs can be beneficial, but only to a certain point.
• D)The foreign producer may actually raise prices to make the tariff impossible to impose.

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Definitions:

Valid Challenge

A legitimate objection or dispute presented against an existing condition or decision, often within a legal context.

Peremptory Challenge

A right in jury selection for the attorneys to reject a certain number of potential jurors without stating a reason.

Gender Discrimination

This term refers to unfair or unequal treatment of individuals based on their gender or sex, affecting opportunities and outcomes.

Unconstitutional

An action or law that violates the principles or provisions of a governing constitution.