Multiple Choice
Exhibit 19-4

-In Exhibit 19-4,if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States,which area represents the United States' net loss as a result of the tariff?
A) a + b + c + e
B) b + c + e
C) b + c
D) c + e
E) b + f
Correct Answer:
Verified
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