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In General, a Tariff Reduces the National Welfare of the Small

Question 50

Multiple Choice

In general, a tariff reduces the national welfare of the small importing
Nation because:


A) there is a fall in producer surplus.
B) there is a rise in consumer surplus.
C) the gain in consumer surplus is smaller than the loss in producer surplus.
D) the gain in producer surplus is smaller than the loss in consumer surplus.

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