If an Import-Competing Firm Is Imperfectly Competitive,then Under Free Trade

question 57

Multiple Choice

If an import-competing firm is imperfectly competitive,then under free trade an export tariff will ________ domestic market price,________ producer surplus,________ consumer surplus,________ government revenue,and ________ overall domestic national welfare.

• A) increase; have no effect on; decrease; increase; decrease
• B) decrease; decrease; increase; decrease; have no effect on
• C) increase; have no effect on; increase; decrease; increase
• D) decrease; increase; decrease; increase; decrease
• E) have no effect on; have no effect on; decrease; increase; decrease

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