Refer to the information provided in Figure 33.5 below to answer the question(s) that follow. 
Figure 33.5
-Refer to Figure 33.5. The domestic price of oil is $130 per barrel, and the world price of oil is $120 per barrel. If the domestic government imposes a tariff of $10 per barrel, it will
Definitions:
Marginal Analysis
Scrutinizing the bonus benefits of an activity alongside the supplementary costs it brings.
Additional Slice
Refers to an extra unit or portion of a product or service added beyond the current amount.
Efficiency
The optimal use of resources to achieve the desired ends with minimum waste or effort.
Equity
The concept of fairness or justice within the economy that deals with the distribution of wealth and resources.
Q16: The growth rate of output per worker
Q117: Refer to Figure 33.1. The opportunity cost
Q165: Refer to Table 31.2. From Period 3
Q180: Assume that a $1.00 increase in exports
Q216: The microeconomic view of the expectations of
Q218: If the exchange rate between the British
Q223: Refer to Figure 33.5. The domestic price
Q228: If a country has a trade surplus
Q246: If nominal GDP is $200 billion and
Q264: Monetary policies are<br>A) less effective when the