A tariff on avocadoes ______________ the price of avocadoes,_____________ consumers' surplus for avocado buyers,_______________ producers' surplus of avocado growers and __________________ tariff revenue.Because the loss to _____________ is more than the gain to ___________________,there is a net loss to society.
A) raises; increases; decreases; generates; producers; consumers and government
B) lowers; increases; decreases; does not generate; producers and government; consumers
C) raises; increases; decreases; does not generate; producers and government; consumers
D) raises; decreases; increases; generates; consumers; producers and government
Correct Answer:
Verified
Q140: Q141: Describe who benefits and who loses from Q142: If a U.S.company operates within a competitive