In a Large­country Case, an Optimal Tariff Would Be

question 11

Multiple Choice

In a large­country case, an optimal tariff would be:

• A)one that increases the producer surplus.
• B)one that raises the price of the product imported.
• C)one in which the terms­of­trade gain exceeds the deadweight loss.
• D)one that easily passes the legislative process.

---

Definitions:

Yield Increase

The improvement in the amount of product produced from given resources, typically seen in manufacturing and farming outcomes.

Self-checkout Lanes

Automated checkout systems in retail environments that allow customers to scan, bag, and pay for their purchases without cashier assistance.

Multifactor Productivity

An efficiency measurement that assesses the output produced relative to more than one input used in production, such as labor, materials, and energy.

Electricity Costs

The expense associated with the consumption of electrical energy, often reflecting rates that vary by usage levels and times.