The graph shown demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good. 
If the economy were to open to free trade, it would become:
A) a net importer.
B) a net exporter.
C) an autarky.
D) less efficient, with less overall market surplus.
Correct Answer:
Verified
Q114: The graph shown demonstrates the domestic demand
Q115: The graph shown demonstrates the domestic demand
Q116: The graph shown demonstrates the domestic demand
Q117: The graph shown demonstrates the domestic demand
Q118: The graph shown demonstrates the domestic demand
Q120: The graph shown demonstrates the domestic demand
Q121: The graph shown demonstrates the domestic demand
Q122: An import quota is:
A)a tax on goods
Q123: Profits earned by foreign firms or governments
Q124: As a general rule, free trade:
A)acts to
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