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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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maryprz14 ???
mn158 ? indeed
raulmartin WTF
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

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.