Suppose That There Is a Negative Externality Associated with

question 3

Multiple Choice

Suppose that there is a negative externality associated with
Alcohol consumption in the United States.Will the United States
Be better or worse off if it eliminates all tariffs on alcohol
Imports?

• A)The United States will always be better off when tariffs on imported alcohol are eliminated.
• B)The United States will always be worse off when tariffs on imported alcohol are eliminated.
• C)The United States will be no better or worse off when tariffs on imported alcohol are eliminated.
• D)The United States will be better off only if the private gains from trade exceed the increased social costs of alcohol
• Consumption when tariffs on imported alcohol are eliminated.

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