For a Country That Is Considering the Adoption of Either

question 61

Multiple Choice

For a country that is considering the adoption of either a tariff or an import quota on a particular good,an important difference is that

• A)an import quota has no effect on consumer surplus,while a tariff decreases consumer surplus.
• B)an import quota has no effect on producer surplus,while a tariff decreases producer surplus.
• C)a tariff raises total surplus,while an import quota does not.
• D)a tariff raises revenue for that country's government,while an import quota does not.

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Definitions:

History of Psychology

An examination of the origins, evolution, and major developments within the field of psychology.

Key Events

Important, significant happenings or milestones that have a notable impact on a specific context or scenario.

Landmark Events

Significant occurrences or moments in history, life, or one's personal development that mark important transitions or stages.

Empirical Evidence

Refers to information that is acquired by observation or experimentation, forming the basis for conclusions in the scientific method.