If a small country imposes a tariff on imported motorcycles ( )
A: the surplus of the domestic producers of motorcycles will decline, but the surplus of the domestic consumers will increase.
B: the surplus of both the domestic producers and consumers of motorcycles will decline.
C: the surplus of both the domestic producers and consumers of motorcycles will increase.
D: the surplus of the domestic producers of motorcycles will increase, but the surplus of the domestic consumers will decline.
A: the surplus of the domestic producers of motorcycles will decline, but the surplus of the domestic consumers will increase.
B: the surplus of both the domestic producers and consumers of motorcycles will decline.
C: the surplus of both the domestic producers and consumers of motorcycles will increase.
D: the surplus of the domestic producers of motorcycles will increase, but the surplus of the domestic consumers will decline.
举一反三
- A tariff is imposed on a good. This will ________ the domestic producer surplus, ________ the domestic consumer surplus, and ________ total surplus in the home country. A: increase; decrease; decrease B: increase; decrease; increase C: increase; remain unchanged; increase D: increase; increase; increase
- The principal benefit of tariff protection goes to:（ ） A: Domestic consumers of the good produced B: Domestic producers of the good produced C: Foreign producers of the good produced D: Foreign consumers of the good produced
- A tariff on a product ( ) A: enhances the economic well-being of the domestic economy. B: increases the domestic quantity supplied. C: increases the domestic quantity demanded. D: results in an increase in producer surplus that is greater than the<br/>resulting decrease in consumer surplus.
- Which of the following is a consequence of subsidies? A: Subsidies make domestic producers vulnerable to foreign competition B: Subsidies lead to lowered production. C: Subsidies protect inefficient domestic producers D: Subsidies produce revenue for the government.
- Which of the following is a TRUE statement? A: Everyone benefits from free trade. B: Only exporters benefit from trade. C: All producers benefit from trade and but not all consumers benefit. D: Free trade harms domestic producers of goods that face import competition.