10) An import quota will government revenue, and A) increase; decrease; increase

Question

10) An import quota will government revenue, and A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect on D) increase, decreases have no effect on, decrease E) increase; increase; decrease; have an ambiguous effect on producer surplus, consumer surplus, overall domestic national welfare in small economic. 10) An import quota will producer surplus, government revenue, and A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effeet on; decrease E) increase; increase; decrease; have an ambiguous effect on consumer surplus, overall domestic national welfare in large economic. consumer surplus, 10) An tariff will government revenue, and A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; decrease; decrease C) increase; decrease; have no effect on; have an ambiguous effect orn D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on producer surplus, overall domestic national welfare in small economic. consumer surplus, 10) An tariff will producer surplus, government revenue, and A) increase; decrease; increase; have an ambiguous effect on B) increase; decrease; de C) increase; decrease; have no effect on; have an ambiguous effect on D) increase; decrease; have no effect on; decrease E) increase; increase; decrease; have an ambiguous effect on overall domestic national welfare in large economic. crease

Explanation / Answer

First question is answered below

10.

Correct option: (a)

Reason: Import quota or quantity restriction on imports increases producer surplus, reduces consumer surplus, government revenue increases and ambiguous effect on national welfare because some producers will benefit while some consumers will lose.

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