When a small economy imposes a tariff on imports, net welfare O always increases. O always decreases. may increase, decrease, or remain unchanged.

Exploring Economics
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Author:Robert L. Sexton
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Chapter28: International Trade
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When a small economy imposes a tariff on imports, net welfare
O always increases.
O always decreases.
O may increase, decrease, or remain unchanged.
Transcribed Image Text:When a small economy imposes a tariff on imports, net welfare O always increases. O always decreases. O may increase, decrease, or remain unchanged.
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