Multiple Choice
The imposition of an export tax on good X by country A, other things equal,
A) will improve the terms of trade of country A if A is a "small" country.
B) will lead to a lower price of good X in country A's home market if A is a "large" Country but will not affect the price of good X in A's home market if A is a "small" country.
C) will always lead to an improvement in country A's welfare if A is a "large" country.
D) will lead to an increase in consumer surplus in country A.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: At the international price of $20/unit, domestic
Q13: In the diagram in Question #19 above,
Q14: (a) Using a demand/supply diagram, illustrate and
Q15: Other things equal, a country's consumers' "demand
Q16: In the diagram in Question #19 above,
Q18: Demonstrate why economists argue that, from a
Q19: "The imposition of a tariff on a
Q20: An import tariff has a similar impact
Q21: Given the following information pertaining to
Q22: If a (large) country B puts an