The Resulting Increase in Producer Surplus Made Possible by the Imposition

question 23

Multiple Choice

The resulting increase in producer surplus made possible by the imposition of a tariff is often referred to as the:

• A)tax effect of a tariff
• B)revenue effect of a tariff
• C)subsidy effect of a tariff
• D)consumption effect of a tariff

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Definitions:

Motor Neurons

Nerve cells that convey impulses from the spinal cord or brain to muscle cells, causing them to contract.

Impulses

Sudden desires or urges that prompt an individual to act in a particular way, often without premeditation.

Dendrites

Branch-like extensions of neurons that receive impulses and conduct signals towards the cell body.

Tree Branches

Extensions of a tree's main trunk, growing outward and upward, which support leaves, flowers, and fruits.