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

question 40

Multiple Choice

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

Truth Tables

A table used in the field of logic to calculate the values of logical expressions based on their arguments.

Consistent

This term refers to arguments or sets of statements that do not contain any contradictions between them.

Truth Value

The attribute of a statement that denotes its correctness or falsity.

Truth Tables

Truth tables are logical tools used to systematically explore the possible truth values of propositions depending on the truth values of their components.