Unformatted text preview: include: (C) A. a rise in consumer surplus. B. a fall in producer surplus. C. a rise in government revenue. 6. The net effect of an increase in tariffs on an imported good by a small country is: (A) A. a decrease in welfare. B. an increase in welfare. C. no change in welfare. 7. A reason for governments to impose tariffs on imports is: (C) A. to increase consumer surplus. B. to maximize social welfare. C. to protect domestic producers. 8. A small country that imposes a tariff will: (A) A. always have a deadweight loss. B. sometimes incur a deadweight loss. C. never have any deadweight loss....
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- Spring '10
- International Trade, producer, small country