The figure above shows that the U.S. net ________ surplus from the tariff is ________

A) loss of; $30 million per year
B) gain in; $20 million per year
C) loss of; $10 million per year
D) gain in; $55 million per year
E) gain in; zero

A

Economics

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Refer to the scenario above. The average payoff of the bet is:

A) $50. B) $100. C) -$50. D) -$100.

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A subsidy is sometimes used by government to correct the problems associated with

A) negative externalities. B) positive externalities. C) internal benefits. D) external benefits.

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