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Tariffs on Imports
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Tariffs on Imports
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9. International Trade / Tariffs on Imports / Problem 4
Problem 4
Which of the following best describes the effect of tariffs on total surplus?
A
Total surplus remains unchanged.
B
Total surplus decreases due to the creation of deadweight loss.
C
Total surplus increases as consumer surplus increases.
D
Total surplus increases as government revenue increases.
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