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Author Question: A ban on imports, a tariff, or a quota raises the price to domestic consumers. This means that ... (Read 198 times)

soccerdreamer_17

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A ban on imports, a tariff, or a quota raises the price to domestic consumers. This means that consumers will buy less of the product at a higher price. The loss associated with this is called
 
  A) production associated loss.
  B) productive consumption loss.
  C) consumption distortion loss.
  D) consumer misperception loss.

Question 2

The larger the U.S. imposed per unit import tariff on a good imported and produced in the United States,
 
  A) the smaller the U.S. consumer surplus.
  B) the larger the U.S. producer surplus.
  C) the larger the government revenue.
  D) All of the above.


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jomama

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soccerdreamer_17

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Reply 2 on: Jul 1, 2018
Excellent


kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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