All of the following questions or statements regarding tariffs are positive statements except:
A)Economic models can be used to estimate the dollar amounts gained by the winners from the imposition of a tariff.
B)Economic analysis can, by itself, decide whether a tariff proposal should be enacted.
C)Economic analysis can show the size of the loss of economic efficiency from the imposition of a tariff.
D)Economic models can be used to estimate the dollar amounts lost by the losers from the imposition of a tariff.

Question

Quizplus · Accepted Answer

Economic analysis can inform policymakers about the potential costs and benefits of a proposed tariff but it cannot make a value judgement on whether a tariff should be enacted. This statement is normative rather than positive.

All of the Following Questions or Statements Regarding Tariffs Are