A Tariff Is Imposed on a Good

question 40

Multiple Choice

A tariff is imposed on a good.This ________ producer surplus and ________ total surplus in importing country.

• A)increases;does not change
• B)increases;increases
• C)decreases;increases
• D)decreases;decreases
• E)increases;decreases

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Definitions:

General Topic

A broad subject area that serves as the foundation for more specific discussions or studies.

Paradigm

A typical example or pattern of something; a model or framework that shapes understanding or approach.

Mobile Device

Electronic devices that are portable and can support a range of applications, including communication, entertainment, and information retrieval.

Comprehension

The ability to understand and grasp the meaning of something, such as a text or situation.