Question 1
Many of the world's industrialized countries initially developed their industries with heavy tariff protection. In Canada's case, this was the basis for
◦ the National Policy of 1876.
◦ the NAFTA.
◦ reciprocity.
◦ the Charlottetown Accord.
◦ the National Energy Program of the 1980s.
Question 2
The diagram below shows supply and demand curves for comic books in the domestic Canadian market.

FIGURE 20-5
Refer to Figure 20-5. The world price is $3 per comic book. Canada engages in free international trade then imposes a $2 tariff on comic books. With this change, the foreign producers' revenue is ________ per month.
◦ $2 520 000
◦ $2 160 000
◦ $1 080 000
◦ $240 000
◦ $1 600 000