Tariffs cause deadweight loss because they move the price of an imported product closer to the equilibrium without trade, thus reducing the gains from trade

There exists diminishing _______________ for gambles

Fill in the blank(s) with the appropriate word(s).

A benefit that accrues to people other than the buyer of a good is known as ________ benefit

A) an internal B) an external C) a marginal D) a total E) a subsidized