Refer to above figure. In the absence of a tariff and in the ...

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Refer to above figure. In the absence of a tariff and in the presence of trade, what is the country's consumer surplus?
 
  What will be an ideal response?

Question 2

Using year-by-year data from 1987-2007 shows that
 
  A) there is a strong positive relation between average Latin American money-supply growth and inflation.
  B) there is a strong negative relation between average Latin American money-supply growth and inflation.
  C) there is a strong positive relation between average Latin American money-supply growth and deflation.
  D) it is difficult to find a strong positive relation between average Latin American money-supply growth and inflation.
  E) there is a weak positive relation between average Latin American money-supply growth and inflation.

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Answer to Question 1

550

Answer to Question 2

A