Import tariff against a foreign monopolist a) welfare improving only if a foreign firm is not dumping b) welfare improving only if a foreign firm is dumping c) can increase domestic welfare d) always leads to a decrease in domestic welfare
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- A tariff protecting domestic monopolist will generally lead to a higher level of domestic welfare than an equívalent quota O be always equal to an equívalent quota generally lead to a lower level of domestic welfare than an equívalent quota O always improve welfare of a domestic countryRefer to the graph below of a large country that has imposed a tarifft on this good. The terms-of-trade gain for this country is , and the deadweight loss suffered by this country is Price $36 $30 $26 Home market S D 20 40 80 100 Quantity Price World market 40 80 ImportsAdvantages of implementation of import ban on certain products.
- The net welfare loss for the home country because of the tariff is: Price $25 $20 $15 $100 $0 $25 $50 10 10 20 S 30 40 40 Quantity P+1 PW PImposition of an import tariff leads to Group of answer choices reduction in consumer surplus deadweight loss efficiency loss All of these are trueI don’t understand how to add a tariff
- The following is not the cost of the tariff a. area a b. area b c. area d d. area a+b+c+dPrice per Saddle Domeslic Supply A P2 Tariff World Price E P1 G 3D Domestic Demand 3D Q1 Q2 Q3 QA Quantity of Saddles What is the new amount of Producer Surplus gained as a result of the tariff? OA + B O G+ C OG +C - D OcA quota (as a barrier to trade) can best be described as:(1)