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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
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I used your notes and passed ... highly recommended!
Lauren

Lauren

Learning Outcome Statements

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

CFA® 2025 Level I Curriculum, Volume 1, Module 6.