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English, 13.02.2020 00:44 kamrulh278

Mexico has imposed a tariff on the importation of chocolate. As a consequence of the tariff, a. Mexico as a whole is worse off, since the increase in producer surplus is smaller than the drop in consumer surplus plus tariff revenues. b. Mexico as a whole is better off, since the tariff results in tax revenue for the Mexican government. c. Mexico as a whole is better off, since the tariff increases employment and production in the domestic chocolate industry. d. Mexico as a whole is worse off, since producer surplus and consumer surplus both decrease..

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