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Refer to Figure 35

Question 137

Multiple Choice

Refer to Figure 35.6: If S<sub>1</sub> represents the U.S.domestic supply of a good,what does S<sub>2</sub> most likely represent? A) U.S.supply under tariff-restricted trade. B) U.S.supply under quota-restricted trade. C) The result of a foreign country dumping this good on the U.S.market. D) Production possibilities under conditions of free trade. Refer to Figure 35.6: If S₁ represents the U.S.domestic supply of a good,what does S₂ most likely represent?

A) U.S.supply under tariff-restricted trade.
B) U.S.supply under quota-restricted trade.
C) The result of a foreign country dumping this good on the U.S.market.
D) Production possibilities under conditions of free trade.

Correct Answer: