Question 1
What is typically the main objective of protectionist trade policies?
◦ to raise government revenues through tariffs
◦ to raise average real wages in the economy
◦ to shield local producers from foreign competition
◦ to create a level playing field
◦ to maximize world production
Question 2
The diagram below shows the demand and supply curves for refrigerators in Canada.
FIGURE 20-1
Refer to Figure 20-1. Suppose P0 is the world price. If Canada imposes a tariff causing the price of refrigerators in Canada to rise from P0 to P1, the consequence would be that
◦ both domestic production and domestic consumption would decrease by equal amounts.
◦ domestic production will increase from
Q1 to
Q2 and domestic consumption will fall from
Q5 to
Q4.
◦ domestic production will exceed domestic consumption.
◦ both domestic production and domestic consumption would increase by equal amounts.
◦ domestic production will increase from
Q1 to
Q3 and domestic consumption will fall from
Q5 to
Q3.
Estimated terrestrial net primary productivity across Canada.
Plant Diagram
Heart diagram
Block Diagram of a High Concentrate Nitric Acid System for Dual-Stage Pressure Production of Nitric
Drawing shows what is occurring electrically at each part of the scope pattern.
Mean Monthly Temperatures for Two Locations in Canada