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Question 11 Which of the following is NOT a true statement? Pick the FALSE statement! Industrialized nations generally have lower trade barriers than developing countries There have been significant reductions in trade barriers over the last 60 years. Economists generally favor further reductions in trade barriers. There are diminishing returns to trade negotiations. Trade barriers are usually the best way of protecting jobs. Question 12 One reason consumers are unlikely to be too upset about tariffs is that most consumers benefit from protection. most producers benefit from protection. the loss in consumer surplus is subjective and therefore it is not a real loss the gain in producer surplus does not directly concern consumers the costs of protection are so spread out that no one pays a big share of the total 1 pts 1 pts

          Question 11
Which of the following is NOT a true statement? Pick the FALSE statement!
Industrialized nations generally have lower trade barriers than developing countries
There have been significant reductions in trade barriers over the last 60 years.
Economists generally favor further reductions in trade barriers.
There are diminishing returns to trade negotiations.
Trade barriers are usually the best way of protecting jobs.
Question 12
One reason consumers are unlikely to be too upset about tariffs is that
most consumers benefit from protection.
most producers benefit from protection.
the loss in consumer surplus is subjective and therefore it is not a real loss
the gain in producer surplus does not directly concern consumers
the costs of protection are so spread out that no one pays a big share of the total
1 pts
1 pts

Question 11
Which of the following is NOT a true statement? Pick the FALSE statement!
Industrialized nations generally have lower trade barriers than developing countries
There have been significant reductions in trade barriers over the last 60 years.
Economists generally favor further reductions in trade barriers.
There are diminishing returns to trade negotiations.
Trade barriers are usually the best way of protecting jobs.
Question 12
One reason consumers are unlikely to be too upset about tariffs is that
most consumers benefit from protection.
most producers benefit from protection.
the loss in consumer surplus is subjective and therefore it is not a real loss
the gain in producer surplus does not directly concern consumers
the costs of protection are so spread out that no one pays a big share of the total
1 pts
1 pts

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