Given the Following Information for (Small) Country a Concerning a Good

question 29

Multiple Choice

Given the following information for (small) country A concerning a good X:
$\begin{array} { l r } \text { free trade price in A } & \$ 20 \text { per unit } \\\text { tariff rate } & 20 \text { percent } \\\text { price in A, with tariff } & \$ 24 \text { per unit } \\\text { consumption in A, free trade } & 1,000 \text { units } \\\text { consumption in A, with tariff } & 900 \text { units } \\\text { production in A, free trade } & 600 \text { units } \\\text { production in A, with tariff } & 800 \text { units }\end{array}$

• A) The government revenue generated by the tariff is $800.
• B) The decrease in consumer surplus because of the tariff is $4,000.
• C) The increase in producer surplus because of the tariff is $3,200.
• D) The net welfare loss for A from the tariff is $600.

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Definitions:

KOH Mount

A laboratory technique used to diagnose fungal infections, involving the application of potassium hydroxide to a sample to clear the material and make fungi more visible under a microscope.

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Sputum Specimen

A sample of mucous material expelled from the respiratory tract, used for diagnostic examination or testing.

Quantitative Analysis

The process of examining and analyzing numerical data to ascertain measurable quantities and understand patterns or trends.