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Author Question: Efficiency losses are A) deadweight losses caused by consumers being prevented by tariffs from ... (Read 40 times)

Brittanyd9008

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Efficiency losses are
 
  A) deadweight losses caused by consumers being prevented by tariffs from buying products at the world price, products that they value more highly than that price.
  B) the total loss in consumer surplus from a tariff.
  C) the increase in producer surplus that is created by a tariff.
  D) the deadweight loss that is created because domestic firms have to charge higher prices to produce units of output than foreign firms would have to charge.

Question 2

Which of the following economic conditions cause export growth to be a basis for faster overall economic growth?
 
  A) Diseconomies of scale in production for the domestic market
  B) A larger-than- average service sector
  C) A larger-than-average manufacturing sector
  D) Economies of scale in production for the world market


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nickk12214

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Brittanyd9008

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Reply 2 on: Jun 30, 2018
Gracias!


ricroger

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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