Author Question: Most nations that split from the USSR saw their incomes increase over the next several years after ... (Read 119 times)

biggirl4568 · **on:** Jun 30, 2018

Most nations that split from the USSR saw their incomes increase over the next several years after USSR's collapse.

Indicate whether the statement is true or false

Question 2

The efficiency case made for free trade is that as trade distortions such as tariffs are dismantled and removed

A) government tariff revenue will decrease, and therefore national economic welfare will decrease.
B) government tariff revenue will decrease, and therefore national economic welfare will increase.
C) deadweight losses for producers and consumers will decrease, hence increasing national economic welfare.
D) deadweight losses for producers and consumers will decrease, hence decreasing national economic welfare.
E) government tariff revenue will increase, hence increasing national economic welfare.