1) Regarding the welfare effects of an import tariff imposed by a large country, which of the following is correct? Cons

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1) Regarding the welfare effects of an import tariff imposed bya large country, which of the following is correct?
Consumers lose in the importing country and gain in theexporting country, while producers gain in the importing countryand lose in the exporting country.
An importing country as a whole unambiguously loses from thetariff.
Consumers and producers lose in the importing country and gainin the exporting country.
Consumers gain in the importing country and lose in theexporting country, while producers lose in the importing countryand gain in the exporting country.
2) A country can never gain from an export subsidy.
Group of answer choices
True
False