Which of the Following Is FALSE

question 11

Multiple Choice

Which of the following is FALSE?

• A)Consumer surplus increases after a tariff is placed on imports.
• B)Producer surplus increases after a tariff is imposed.
• C)Government revenue increases after a tariff is imposed.
• D)Deadweight losses result from tariffs.

---

Definitions:

Trial Balance

A bookkeeping report that lists the balances of all ledgers accounts to verify that total debits equal total credits.

Mathematical Equality

A situation in mathematics where two expressions are equivalent in value, denoted by the equal sign.

Ledger

A comprehensive book or database of financial accounts where all transactions are recorded, typically categorized by account.

Trial Balance

A bookkeeping worksheet where the balances of all ledgers are compiled into debit and credit columns to check the accuracy of financial transactions.