Use the following to answer questions:
Figure: International Trade 3 
-(Figure: International Trade 3) Refer to the figure. If the government in this diagram eliminates all imports with a tariff, the value of the wasted resources will be:
Definitions:
Sample Size
The number of observations or data points that constitute a sample drawn from a population for statistical analysis.
Standard Deviation
A measure of the amount of variation or dispersion in a set of values, showing how much each value in the set varies from the mean.
Binomial Populations
Populations for which the outcomes can be classified into two categories (success/failure) and the number of successes in a set number of trials can be predicted.
SRS
Stands for Simple Random Sample, a sampling method where each member of the population has an equal chance of being selected.
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