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Basic Question 1 of 17

Assume a small country imposes a tariff.

Before the tariff, consumer surplus is ______ and producer surplus is ______.
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User Contributed Comments 3

User Comment
maryprz14 ???
mn158 ? indeed
raulmartin WTF
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz

Tamara Schultz

Learning Outcome Statements

compare types of trade restrictions, such as tariffs, quotas, and export subsidies, and their economic implications

CFA® 2024 Level I Curriculum, Volume 1, Module 6.