The above figure shows the U.S. market for replacement cell phone batteries. Area B + area D is the
A) tariff revenue.
B) decrease in consumer surplus due to the tariff.
C) deadweight loss from tariff.
D) increase in producer surplus due to the tariff.
E) gain in total surplus due to the tariff.
C
Economics
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Gradually over the last two decades, ________ policy has emerged as the major stabilization policy tool in the United States
A) monetary B) fiscal C) exchange rates D) deregulatory
Economics
It is assumed that the marginal benefit of air cleanliness falls with the degree of cleanliness since
A) the marginal cost of air cleanliness increases. B) air cleanliness is a public good and not a private good. C) the marginal utility of air cleanliness falls with the degree of cleanliness. D) the generation of pollution should be considered an externality.
Economics