Multiple Choice
Mexico has imposed a tariff on the importation of chocolate.As a consequence of the tariff,
A) Mexico as a whole is better off,since the tariff increases employment and production in the domestic chocolate industry.
B) Mexico as a whole is better off,since the tariff results in tax revenue for the Mexican government.
C) Mexico as a whole is worse off,since producer surplus and consumer surplus both decrease.
D) Mexico as a whole is worse off,since the increase in producer surplus is smaller than the drop in consumer surplus plus tariff revenues.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: When a country allows trade and becomes
Q21: Denmark is an importer of computer chips
Q22: Figure 9-1<br>The figure illustrates the market for
Q23: Scenario 9-2<br>• For a small country called
Q24: Figure 9-22<br>The following diagram shows the domestic
Q27: Figure 9-1<br>The figure illustrates the market for
Q28: If the United States imports televisions and
Q30: Figure 9-17 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 9-17
Q31: Figure 9-12 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 9-12
Q110: The world price of a pound of