Which of the following would be a deadweight loss from a tariff?
A) The shift of consumer surplus to government
B) The increase in producer surplus
C) The decrease in consumer surplus
D) The decrease in consumer surplus due to a drop in consumption
Question 2
The World Bank's view of the effectiveness of industrial policies in East Asia is that, in general, they
A) hindered growth.
B) had little or no effect on growth.
C) encouraged growth.
D) are the main factor in the success of the East Asian economies.
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