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

Related MCQs

• Prof. Kindleberger calls the combined protective and consumption effect as
• Under the effects of a tariff under partial equilibrium analysis, the revenue effect is the change in government receipts due to
• The positive effect of a tariff is, when there is an increase in the welfare of a country due to
• Which of the following is not the effect of tariff?
• 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
• The tariff that maximizes a country’s welfare is called the
• On the basis of origin and destination of goods, tariff may be classified into
• A tariff results in an improvement in terms of trade on one hand and on the other hand, increases the
• A tariff or import duty which are a combination of the ad valorem and specific duty
• The tariff rates which are based on trade agreements or treaties with other countries is known as