In a Large­country Case, an Optimal Tariff Is One for Which

question 83

Multiple Choice

In a large­country case, an optimal tariff is one for which the
Terms­of­trade gain exceeds the:

• A)producer surplus.
• B)increased price of the product imported.
• C)deadweight loss.
• D)consumer surplus.

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Definitions:

Slow Moving Targets

Refers to goals, objects, or issues that progress, evolve, or move at a slow pace, making them potentially easier to track or manage.

Erratic

Characterized by a lack of consistency, regularity, or predictability; erratic behavior can be unpredictable or unstable.

Vacantly

Expressing or characterized by a lack of thought or concentration, often reflected in an unfocused gaze.

DSM-5

The Diagnostic and Statistical Manual of Mental Disorders, Fifth Edition, a classification and diagnostic tool published by the American Psychiatric Association.