The United States and many other countries often impose trade sanctions on other countries. These sanctions
A) decrease producer and consumer surplus in both the sanctioned and sanctioning countries.
B) tend to increase total welfare.
C) tend to decrease the deadweight loss.
D) tend to decrease consumer and producer surplus only in the sanctioned country.
A
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Rural-urban migrants differ from the rest of the rural population in that they are more likely to be
(a) well educated (b) poor (c) female (d) all of the above
What would be the actuarially fair premium for an insurance policy that pays $1,000 in the event of a loss that has a 25% chance of occurring?
A. $250 B. $750 C. $1,250 D. $500
The demand curve:
A. represents consumers' ability but not willingness to buy. B. represents consumers' willingness but not ability to buy. C. visually displays the demand schedule. D. shows the highest amount consumers will pay for a specific quantity.
Refer to the table below. What is the expected price of the input in Country B?
The above table provides the probability distribution of price of an input next year in Country A and Country B.
A) $1 B) $999 C) $501 D) $500