An import tariff:
A)increases consumer's surplus.
B)reduces producers' surplus.
C)generates tariff revenues for the government.
D)decreases prices for domestic consumers.

Name: An import tariff: A)increases consumer's surplus. B)reduces producers' surplus. C)generates tariff revenues for the government. D)decreases prices for domestic consumers.
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Question

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An import tariff generates tariff revenues for the government as importers pay the tariff to the government when they bring goods into the country.

An Import Tariff