Suppose a Certain Country Imposes a Tariff on a Good

question 209

Multiple Choice

Suppose a certain country imposes a tariff on a good.Which of the following results of the tariff is possible?

• A)Consumer surplus decreases by $100;producer surplus increases by $100;and government revenue from the tariff amounts to $50.
• B)Consumer surplus decreases by $200;producer surplus increases by $100;and government revenue from the tariff amounts to $50.
• C)Consumer surplus increases by $100;producer surplus decreases by $200;and government revenue from the tariff amounts to $50.
• D)Consumer surplus decreases by $50;producer surplus increases by $200;and government revenue from the tariff amounts to $150.

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Definitions:

Parent-child Interaction Therapy

A therapeutic intervention designed to improve the quality of the parent-child relationship and change negative behavior patterns.

Behavior Modification Therapy

A treatment approach that applies principles of learning to change undesired behaviors.

Multi-systemic Therapy

An intensive family- and community-based treatment that addresses the multiple determinants of serious antisocial behavior in juveniles.

Oppositional Defiant Disorder (ODD)

A clinical diagnosis given to children who display extreme disobedient behavior, including tantrums, arguing with adults, and acting spitefully.