In a Small Nation,the Portion of the Loss in Consumer

question 30

Short Answer

In a small nation,the portion of the loss in consumer surplus found by multiplying the tariff amount by the volume of imports is __________________.
A)Transferred to the foreign exporter of the good
B)earned by the producers
C)accrued by the government
D)not transferred to another party and therefore considered a loss to the nation.

• A)Transferred to the foreign exporter of the good
• B)earned by the producers
• C)accrued by the government
• D)not transferred to another party and therefore considered a loss to the nation.

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Definitions:

Central Moral Issue

The primary ethical or moral dilemma that is at the heart of a situation or problem.

Family

A social unit consisting of parents and their children, extended kin, or other individuals related by blood, marriage, or adoption.

Society

A community of people living together in a more or less ordered community, sharing habits, laws, and organizations.

Abortion

The medical or surgical termination of a pregnancy before the fetus can live independently outside the mother's womb.