A voluntary export restraint will ________ producer surplus, ________ consumer surplus,________ government revenue, and ________ overall domestic national welfare.A) increase; decrease; increase; have an ambiguous effect onB) increase; decrease; decrease; decreaseC) increase; decrease; have no effect on; have an ambiguous effect onD) increase; decrease; have no effect on; decreaseE) increase; increase; decrease; have an ambiguous effect on

10) An export subsidy will cause the term of trade of the ________ country to ________ andwill ________ the countryA) importing; suffer; benefitB) exporting; improve; benefitC) importing; improve; harmD) importing; suffer; harmE) exporting; suffer; harm

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

__________ 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

________ are quotas that lead to a complete abolishment of trade. voluntary export restraints embargoes nontariff barriers orderly marketing agreements

3) Refer to the figure above, if the country is producing at ________, then moving to ________will cause utility to ________.A) point a; point b; increaseB) point c; point b; increaseC) point c; point b; decreaseD) point b; point c; remain unchangedE) point a; point c; remain unchanged