A Tariff Makes the Total Economy

question 79

Multiple Choice

A tariff makes the total economy

• A) better off because it increases the domestic production of the good.
• B) better off because it decreases the deadweight loss from international trade.
• C) worse off because it creates a deadweight loss.
• D) worse off because it creates revenue for the government.
• E) worse off because it decreases both domestic consumer surplus and domestic producer surplus.

---

Definitions:

Life-Saving Medical Treatment

Medical interventions or procedures that are necessary to prevent death and sustain life in critical health situations.

Internet

The Internet is a global network of interconnected computers and servers that facilitates the exchange of data, communication, and information across the world.

Multiple Jurisdictions

The involvement of more than one legal authority or governmental entity, each with its own set of laws and regulations, in a particular matter or case.

Intrusion Upon Seclusion

A legal concept involving the invasion of a person's privacy without their consent, leading to possible legal action.