Tariffs and quotas are different in the sense that a

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30. Tariffs and quotas are different in the sense that a. tariffs cause deadweight losses, while quotas do not cause deadweight losses. b. tariffs raise revenue for the government, while quotas do not raise revenue for the government. c. tariffs enhance the well-being of domestic consumers, while quotas diminish the well- being of domestic consumers. d. tariffs enhance the well-being of domestic producers, while quotas diminish the well- being of domestic producers.
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15 31. When a country allows trade and becomes an importer of a good, 32. When a country opens up to trade in a good for which it has a comparative advantage, and the country begins to export the good, we can conclude that 33. Suppose Japan exports cars to Russia and imports wine from France. This situation suggests 34. Suppose a certain country imposes a tariff on a good. Which of the following results of the tariff is possible? a. Consumer surplus decreases by $100; producer surplus increases by $100; and government revenue from the tariff amounts to $50. b. Consumer surplus decreases by $200; producer surplus increases by $100; and
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16 government revenue from the tariff amounts to $50. c. Consumer surplus increases by $100; producer surplus decreases by $200; and government revenue from the tariff amounts to $50. d. Consumer surplus decreases by $50; producer surplus increases by $200; and government revenue from the tariff amounts to $150.
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