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    Principles of Economics Study Set 8
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    Exam 9: Application: International Trade
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    If a Small Country Imposes a Tariff on an Imported
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If a Small Country Imposes a Tariff on an Imported

Question 178

Question 178

True/False

If a small country imposes a tariff on an imported good, domestic sellers will gain producer surplus, the government will gain tariff revenue, and domestic consumers will gain consumer surplus.

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