If a Tariff Is Imposed on Imports of Shrimp into the United

question 77

Multiple Choice

If a tariff is imposed on imports of shrimp into the United States,U.S.consumer surplus from shrimp will ________ and U.S.producer surplus from shrimp will ________.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease
• E) increase; not change

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Definitions:

Troubles

Privately felt problems that come from events or feelings in one individual’s life.

Issues

Problems that affect large numbers of people and have their origins in the institutional arrangements and history of a society.

Societal Forces

The various external influences, such as cultural norms, laws, and population dynamics, that affect individuals and shape society.

Institutional Arrangements

The complex relationships and organization of institutions within a society that shape social, economic, and political activities.