In a Small Country,the Net National Cost of Tariff Protection

question 35

Multiple Choice

In a small country,the net national cost of tariff protection is equal to the reduction in consumer surplus minus

• A)the increase in government revenue and the increase in producer surplus.
• B)the increase in government revenue.
• C)the increase in producer surplus.
• D)the efficiency loss and the consumption side loss.

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Definitions:

Validation

The acknowledgement and acceptance of another person's feelings, thoughts, and experiences as legitimate and significant.

Exhuming

The act of digging up a corpse from the ground, often for legal, medical, or investigative reasons.

Interment

The burial of a body in a grave or tomb, typically with funeral rites.

Levirate

A practice in some cultures where a widow marries a brother of her deceased husband to maintain lineage and inheritance.