The Effects of Tariffs and Quotas Are: A(n)__________ in Consumers

question 28

Multiple Choice

The effects of tariffs and quotas are: a(n) __________ in consumers' surplus,and a(n) __________ in producers' surplus.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

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Definitions:

Pattern

A repeated decorative or functional design, or a predictable sequence of events or characteristics.

Standard Deviation

A statistical measure of the dispersion or variability of a set of data points around the mean or average value.

Scores

Numerical expressions of performance or achievement, often in the context of tests, games, or evaluations.

Mean

A statistical measure that determines the average value of a set of numbers.