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Author Question: Although current U.S. tariffs are quite low on average, tariffs remain high for some products. ... (Read 85 times)

Davideckstein7

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on: Jun 30, 2018
Although current U.S. tariffs are quite low on average, tariffs remain high for some products.
 
  Indicate whether the statement is true or false

Question 2

In the country levying the tariff, the tariff will
 
  A) increase both consumer and producer surplus.
  B) decrease both the consumer and producer surplus.
  C) decrease consumer surplus and increase producer surplus.
  D) increase consumer surplus and decrease producer surplus.
  E) decrease consumer surplus but leave producers surplus unchanged.


prumorgan

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Reply #1 on: Jun 30, 2018
Answer to Question 1

TRUE

Answer to Question 2

C


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