A decrease in the productivity of U.S. workers. A decrease in labor employed by industries producing the goods on which tariffs have been levied. Capital owners will benefit from a tariff a. if their capital is specific to the good the tariff is imposed on. Tariffs by a small country causes a. the domestic price to fall. The effective rate of protection is higher when there is a. a higher tariff on finished goods.
Consumer surplus is a.
The imposition of export taxes a. benefits both producers and consumers. Tariffs by a large country cause a. the domestic price to fall. A large country imposing a tariff will observe a. a rightward shift in its demand curve. All of the above. If Canada imposes a tariff on bananas and if none are grown in Canada, this tariff has a. only revenue effects.