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When the Government Imposes a Tariff on Imported Goods,it _____________

Question 64

Multiple Choice

When the government imposes a tariff on imported goods,it _____________ prices for domestic consumers,________________ consumers' surplus and _________________ the producers' surplus for domestic producers.


A) raises; lowers; raises
B) lowers; raises; raises
C) lowers; raises; lowers
D) raises; lowers; lowers
E) none of the above

Correct Answer:

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