Which of the Following Statements Is False

question 106

Multiple Choice

Which of the following statements is false?

• A) Consumers receive more consumers' surplus when tariffs do not exist.
• B) Producers receive more producers' surplus when tariffs do exist.
• C) A tariff results in a net loss to society.
• D) With a tariff,the gains to the winners are less than the losses to the losers.
• E) none of the above

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Definitions:

Social Readjustment Rating Scale

A scale measuring the amount of stress experienced by an individual in a certain period, based on life changes and events.

Higher Chance

An increased probability or likelihood that a specific event or outcome will occur, compared to other events or outcomes.

Major Health Problem

A significant or severe health condition that impacts an individual's daily life and may require extensive treatment or care.

Number Of Hassles

The quantity of minor irritations or annoyances that an individual encounters in daily life.