Multiple Choice
If an import-competing firm is imperfectly competitive, then under free trade an export tariff will ________ domestic market price, ________ producer surplus, ________ consumer surplus, ________ government revenue, and ________ overall domestic national welfare.
A) have no effect on; have no effect on; decrease; increase; decrease
B) increase; have no effect on; increase; decrease; increase
C) increase; have no effect on; decrease; increase; decrease
D) decrease; increase; decrease; increase; decrease
E) decrease; decrease; increase; decrease; have no effect on
Correct Answer:
Verified
Correct Answer:
Verified
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