A tariff is imposed on a good. This will ________ the domestic producer surplus, ________ the domestic consumer surplus, and ________ total surplus in the home country

A) increase; decrease; decrease
B) increase; decrease; increase
C) increase; remain unchanged; increase
D) increase; increase; increase

A

Economics

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In an economy with flexible exchange rates, which measure(s) are successful at reducing unemployment in the context of the Three-Sector-Model?

a. Decrease government spending. b. Raise the discount rate for banks. c. Raise tax rates. d. Reduce reserve requirements. e. All of the above

Economics

A profit-maximizing firm will only produce a positive amount of output if:

A. its total revenue is greater than or equal to its variable cost. B. its total revenue equals its total cost. C. its total revenue is greater than its fixed cost. D. its total revenue is greater than its total cost.

Economics