Multiple Choice
An import quota will ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare.
A) increase; decrease; increase; have an ambiguous effect on
B) increase; decrease; decrease; decrease
C) increase; decrease; have no effect on; have an ambiguous effect on
D) increase; decrease; have no effect on; decrease
E) increase; increase; decrease; have an ambiguous effect on
Correct Answer:

Verified
Correct Answer:
Verified
Q31: When a government allows raw materials and
Q32: An important difference between tariffs and quotas
Q33: The effective rate of protection is a
Q34: In the exporting country, an export subsidy
Q35: The effective rate of protection measures<br>A) the
Q37: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q38: An export subsidy is<br>A) a payment to
Q39: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4546/.jpg" alt=" -Refer to above
Q40: An export subsidy differs from a tariff
Q41: Should the home country be "large" relative