Surplus value that is lost due to taxes imposed on imported goods which are keeping the market from functioning as well as it can is called
A) the loss of subsidy.
B) the net export deficit.
C) rent seeking loss.
D) the deadweight loss of a tariff.
D
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Which of the following describes a differentiated product?
a. A product that consumers perceive as distinctive in some way b. A product that lacks many competitors in a market or industry c. A product that is produced and sold in a niche market d. A product that is produced by a natural monopolist
Lump-sum taxes are equitable but not efficient
a. True b. False Indicate whether the statement is true or false
Which of the following is an assumption on which time series regression is based?
A. A time series process follows a model that is nonlinear in parameters. B. In a time series process, no independent variable is a perfect linear combination of the others. C. In a time series process, at least one independent variable is a constant. D. For each time period, the expected value of the error ut, given the explanatory variables for all time periods, is positive.
Tariffs, quotas, and exports subsidies all increase domestic production.
Answer the following statement true (T) or false (F)