The positive effect of a tariff is, when there is an increase in the welfare of a country due to

Related MCQs

• The tariff that maximizes a country’s welfare is called the
• 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
• In case of Mill’s theory, where country A produces good X and country B produces good Y, if country A’s demand for product Y increases, then country A’s offer curve will
• Which of the following is not the effect of tariff?
• 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
• There is an improvement in the welfare of country only when the
• imposition of a tariff improves the terms of trade of the imposing country but reduces its
• Given the foreign exchange rate and prices in a country, an increase in the value of exports causes an increase in
• On the basis of origin and destination of goods, tariff may be classified into