Which of the Following Is True

question 63

Multiple Choice

Which of the following is true?
i.Compared to a no-trade situation,in a market with exports,consumer surplus is larger.
ii.Tariffs decrease consumer surplus.
iii.Trade is restricted because protection brings small losses to a large number of people and large gains to a small number of people.

• A) Only i
• B) Only ii
• C) Only iii
• D) i and iii
• E) ii and iii

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Definitions:

Public And Customer Relations

The strategies and practices a business uses to communicate and build positive relationships with the public and its customers.

Podcasting

The creation and distribution of audio or video episodes online, which audiences can download or stream to listen to or watch.

Audio And Video Messages

Communications that are delivered through sound and visual media, often used for presentations, marketing, or online content.

Large Growth

A substantial increase in size, number, value, or strength.