The Introduction of a Tariff ________ Consumer Surplus and ________

question 135

Multiple Choice

The introduction of a tariff ________ consumer surplus and ________ total surplus.

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

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Definitions:

U.S. Supreme Court

The highest federal court in the United States, with ultimate appellate jurisdiction over all federal and state court cases that involve a point of federal law.

Congress

The legislative body of a country, often bicameral, responsible for making laws, deciding on the national budget, and overseeing the government.

American Bar Association

The American Bar Association is a voluntary bar association of lawyers and law students which is not specific to any jurisdiction in the United States and is involved in setting academic standards for law schools and formulating ethical codes in the legal profession.

Habeas Corpus

A legal principle that allows individuals to challenge unlawful detention, requiring a court to review the legality of the detention.