Which of the following statements is false?
A) Consumers receive more consumers' surplus when tariffs do not exist.
B) Producers receive more producers' surplus when tariffs do exist.
C) A tariff results in a net loss to society.
D) With a tariff,the gains to the winners are less than the losses to the losers.
E) none of the above

Question

Quizplus · Accepted Answer

All the statements A through D are true, reflecting basic economic principles regarding tariffs and their impact on consumer surplus, producer surplus, and overall societal welfare.

Which of the Following Statements Is False