To Measure the Impact of a Tariff on the Total

Multiple Choice

To measure the impact of a tariff on the total welfare of society, we calculate the:

A) rise in consumer surplus plus the rise in producer surplus.
B) rise in producer surplus plus the increase in tariff revenue going to the government minus the loss of consumer surplus.
C) rise in government revenues plus the rise in consumer surplus.
D) total number of jobs saved by the tariff times the average wage.