Which of the following would be a deadweight loss from a tariff?
A) The shift of consumer surplus to government
B) The increase in producer surplus
C) The decrease in consumer surplus
D) The decrease in consumer surplus due to a drop in consumption
D
Economics
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If a country experiences economies of scale in the production of a good, it implies that ______________
Fill in the blank(s) with the appropriate word(s).
Economics
It can be shown that differences in "beforetrade" relative prices will determine:
a. which nation has the absolute advantage. b. which good each nation will export or import. c. the quantity traded by each nation. d. which nation has the comparative advantage.
Economics