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- The sales price of a TV set is 800$ and the value of imported input is 600$ a. Calculate the effective rate of protection if the government imposes a %25 tariff on imported TV sets.Imposition of an import tariff leads to Group of answer choices reduction in consumer surplus deadweight loss efficiency loss All of these are trueRefer to the graph below of a large country that has imposed a tarifft on this good. The terms-of-trade gain for this country is , and the deadweight loss suffered by this country is Price $36 $30 $26 Home market S D 20 40 80 100 Quantity Price World market 40 80 Imports
- For a large country import tariffs will yield a price increase for domestic consumer that is A higher than the tariff itself B equal to the tariff itself C smaller than the tariff itselfAn import Tariff does: Increase domestic consumption Decrease domestic production Decrease domestic prices Increase government revenueNontariff barriers lower prices of both imports and import-competing goods Group of answer choices True False