The tariff that maximizes a country’s welfare is called the

Related MCQs

• The positive effect of a tariff is, when there is an increase in the welfare of a country due to
• Under the redistribution effect of tariff, the loss of consumer’s surplus is neither transferable to the produces nor to the government and is called by Kindleberger as the
• On the basis of origin and destination of goods, tariff may be classified into
• The tariff rates which are based on trade agreements or treaties with other countries is known as
• imposition of a tariff improves the terms of trade of the imposing country but reduces its
• A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the
• Which of the following is not the effect of tariff?
• Under the effects of a tariff under partial equilibrium analysis, the revenue effect is the change in government receipts due to
• The increase in the domestic production of a commodity due to imposition of a tariff is
• A tariff or custom quota may either be