« previous next »

Author Question: The welfare loss from an import quota is greater than that of an equivalent tariff because A) ... (Read 70 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jul 1, 2018
The welfare loss from an import quota is greater than that of an equivalent tariff because
 
  A) tariff revenues can be used to society's benefit.
  B) the loss in consumer surplus is not as large.
  C) domestic producers gain more from a quota than from a tariff.
  D) tariff revenues represent an additional deadweight loss.

Question 2

Tariffs and quotas create a loss in social welfare because
 
  A) producer surplus declines.
  B) revenues from tariffs are misspent.
  C) consumer surplus declines.
  D) All of the above.
Microeconomics ¦ Perloff ¦ 8th Edition
Buy Test-Bank


jharrington11

  • Sr. Member
  • ****
  • Posts: 365
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

In the United States, congenital cytomegalovirus causes one child to become disabled almost every hour. CMV is the leading preventable viral cause of development disability in newborns. These disabilities include hearing or vision loss, and cerebral palsy.

Did you know?

Though the United States has largely rejected the metric system, it is used for currency, as in 100 pennies = 1 dollar. Previously, the British currency system was used, with measurements such as 12 pence to the shilling, and 20 shillings to the pound.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne Rates of water loss by two turtles and a tortoise indicate an inverse relationship between the dryne
A Mass-Loss Star A Mass-Loss Star
Myths and Facts About Weight Loss Myths and Facts About Weight Loss
There has been a widespread loss of glacier mass globally There has been a widespread loss of glacier mass globally
How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree? How to calculate the gain and loss gene numbers with low bootstrap of phylogenetic tree?
The Body's Response to Blood Loss The Body's Response to Blood Loss
Video: Inflammation Animation

For a complete list of videos, visit our video library