The main redistribution effect of a tariff is the transfer of income fromA) domestic producers to domestic buyers.B) domestic buyers to domestic producers.C) domestic producers to domestic government.D) domestic government to domestic consumers.E) foreign producers to domestic consumers.

__________ The imposition of tariffs on imports results in deadweight welfare losses for the home economy. These losses consist of the Protective effect plus consumption effect Redistribution effect plus revenue effect Revenue effect plus protective effect Consumption effect plus redistribution effect

In the country levying the tariff, the tariff willA) increase both consumer and producer surplus.B) decrease both the consumer and producer surplus.C) decrease consumer surplus and increase producer surplus.D) increase consumer surplus and decrease producer surplus.E) decrease consumer surplus but leave producers surplus unchanged

If a good is imported into (large) country H from country F, then the imposition of a tariff incountry HA) raises the price of the good in both countries (the "Law of One Price").B) raises the price in country H and cannot affect its price in country F.C) lowers the price of the good in both countries.D) lowers the price of the good in H and could raise it in F.E) raises the price of the good in H and lowers it in F.

Compared to the case of perfect competition, an import tariff against a foreign monopolist A. leads to higher domestic welfare B. leads to lower domestic welfare C. might lead to higher or lower domestic welfare D. has no impact on domestic welfare

The change in the economic welfare of a country associated with an increase in a tariff equalsA) efficiency loss - terms of trade gain.B) efficiency gain - terms of trade loss.C) efficiency loss + tax revenue gain.D) efficiency loss + tax revenue gain + terms of trade gain.E) efficiency loss - tax revenue gain.