Multiple Choice
International trade policies are largely advocated,argued,and lobbied for based more on their distributional effects than on their aggregate or overall effects.What does this imply?
A) Producers will lobby for protectionism even though they may know that their gains from protectionism will be outweighed by the losses to consumers.
B) Consumers care more about how policies affect them than how policies affect them and everyone else,too.
C) Tariffs are more effective than quotas.
D) Consumers' surplus will rise (when it rises) more than producers' surplus will fall (when it falls) .
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q141: The answer is: "A tax on imports."
Q142: A tariff is a<br>A) tax imposed on
Q143: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q144: List and describe three arguments that help
Q145: In contrast to a tariff,a quota does
Q147: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q148: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit
Q149: If,at the world price,domestic producers are producing
Q150: The difference between the highest amount a
Q151: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit