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
A: increase; decrease; decrease
B: increase; decrease; increase
C: increase; remain unchanged; increase
D: increase; increase; increase
举一反三
- 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.
- If the demand for orange juice is elastic, then as the price falls, quantity demanded for orange juice will ________ and total revenue for orange suppliers will ________. A: increase; increase B: decrease; increase C: decrease; decrease D: increase; decrease
- An expenditure results either in a(n) ( ) in the asset account or a(n) ( ) in a liability account. A: decrease, decrease B: increase, increase C: increase, decrease D: decrease, increase
- The impact of the appreciation of a country's currency on its import and export revenue is (). A: exports decrease, imports increase B: exports increase, imports decrease C: exports increase, imports increase D: exports decrease, imports decrease
- Which of the following would cause price to decrease? A: a decrease in supply B: an increase in demand C: a surplus of the good D: a shortage of the good