Question 1
A tariff imposed on imported shoes will cause the domestic price of shoes to ________ and the domestic production of shoes to ________.
◦ decrease, increase
◦ increase, increase
◦ decrease, decrease
◦ increase, decrease
Question 2
The following diagram shows a country's domestic demand and supply curves (
Ddom and
Sdom) for a product. Assume that the country is a price taker, facing a given world price of
PW. Part of demand is satisfied by imports. The world supply curve to the country is given by
SW (remember, the country is a price taker). A tariff is then imposed on the product whose amount is shown by the vertical difference between
SW and
SW+t.
As a result of the tariff, imports will
◦ Decrease from
Q4 —
Q1 to
Q3 —
Q2.
◦ Decrease from
Q4 to
Q5.
◦ Increase from
Q1 to
Q2.
◦ Increase from
Q3 —
Q2 to
Q4 —
Q1.
Hertzsprung-Russell diagram for a set of stars that includes the Sun
Animal Cell Diagram
Structure of the H-R Diagram
Schematic diagram of fluidization apparatus
Classic Supply - Demand Curve
QTL mapping in domestic tomato