Question: Assume that it is possible to consider an representative consumer. Which of the following statements is false: (a) A small country is better off under

Assume that it is possible to consider an representative consumer. Which of the following statements is false: (a) A small country is better off under restricted trade than under autarky if it imposes a tariff. (b) A small country is better off under restricted trade than under autarky if it imposes an export tax. (c) A small country is better off under restricted trade than under autarky if it imposes either a tariff, or an export tax. (d) A country is better off under restricted trade than under autarky only if it can affect its terms of trade. (e) None of the above

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