Tariffs result in a decrease in consumer surplus because: a. the ...

[evelyn o bentley]

Tariffs result in a decrease in consumer surplus because:
 a. the price and the quantity consumed of the protected good increases.
 b. the price and the quantity consumed of the protected good decreases.
 c. the price of the protected good increases and quantity consumed decreases.
  d. the price of the protected good decreases and quantity consumed increases.

Question 2

In recent years, more than one quarter of federal government spending went to Social Security and income security programs.
 a. True
  b. False
  Indicate whether the statement is true or false

[b614102004]

Answer to Question 1

c

Answer to Question 2

True

[evelyn o bentley]

Correct answers!

[b614102004]

Great! Please up vote