Import Quotas and Tariffs Produce Similar Results

question 126

Multiple Choice

Import quotas and tariffs produce similar results.Which of the following is not one of those results?

• A)The domestic price of the good increases.
• B)Consumer surplus of domestic consumers increases.
• C)Producer surplus of domestic producers increases.
• D)A deadweight loss is experienced by the domestic country.

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Definitions:

Speed Limit

A legally established maximum speed at which vehicles may travel on a particular roadway.

P(3 ≤ X ≤ 6)

Represents the probability that the random variable X takes on a value between 3 and 6, inclusive.

Montana Highways

Refers to the network of roads and highways located within the state of Montana, possibly in the context of a study or report.

Speed Limit

The maximum legal speed at which vehicles may travel on a particular stretch of road.