When a Country Moves Away from a Free Trade Position

question 94

Multiple Choice

When a country moves away from a free trade position and imposes a tariff on imports,it causes

• A)a decrease in total surplus in the market.
• B)a decrease in producer surplus in the market.
• C)an increase in consumer surplus in the market.
• D)a decrease in revenue to the government.

---

Definitions:

Distributive Property

A property that allows one to multiply a sum by a number by multiplying each addend individually by the number.

Algebra

A field within mathematics that focuses on the use of symbols and the principles governing their manipulation, serving as a foundational basis for nearly the entirety of mathematical disciplines.

Terms

The individual elements or components of an expression, separated by plus or minus signs.

Equal

Signifying mathematical equivalency or equality between two expressions or entitites.