Use the following to answer questions:
Figure: International Trade 3 
-(Figure: International Trade 3) Refer to the figure. If the government in this diagram eliminates all imports with a tariff, the value of the wasted resources will be:
A) $4.50.
B) $81.
C) $27.
D) $36.
Correct Answer:
Verified
Q78: Use the following to answer questions:
Figure: Costs
Q79: Economists consider tariffs to be:
A) necessary.
B) beneficial
Q80: One of the costs of protectionism is:
A)
Q81: When the world price is below the
Q82: Who does protectionism hurt?
A) domestic producers only
B)
Q84: If a tariff decreases domestic consumption of
Q85: When the government increases tariffs:
A) production switches
Q86: Use the following to answer questions:
Figure: International
Q87: Although domestic consumers gain more from free
Q88: A tariff results in a higher:
I. consumer
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