A tariff always decreases economic domestic well-being if imposed in a small country and may increase, decrease, or leave unchanged the economic well-being if imposed in a large country.
A. (1) + (2)
B. (2) + (3)
C. (1) + (3)
D. (1) + (2) + (3)
Answer:D
A tariff always decreases economic domestic well-being if imposed in a small country and may increase, decrease, or leave unchanged the economic well-being if imposed in a large country.
A. (1) + (2) B. (2) + (3) C. (1) + (3) D. (1) + (2) + (3)