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The Figure Given Below Shows the Market for Computers in the U.S

question 55

Multiple Choice

The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. Dd and Sd are the domestic demand and supply curves of computers respectively. The figure given below shows the market for computers in the U.S. The domestic price line inclusive of the tariff lies above the international price line. D<sub>d</sub> and S<sub>d</sub> are the domestic demand and supply curves of computers respectively.   The imposition of a tariff on computers caused the surplus of the domestic producers to _____ by _____. A) rise; $20 million B) rise; $800,000 C) rise; $44 million D) fall; $48 million The imposition of a tariff on computers caused the surplus of the domestic producers to _____ by _____.


Definitions:

Hereditary Factors

Genetic characteristics and traits passed down from parents to their offspring.

Natural Selection

The process by which organisms better adapted to their environment tend to survive and produce more offspring.

Self-actualization

Fulfilling or actualizing one's innate gifts and capacities, regarded as a compelling urge or essential need existing in every person.

Potential

The inherent ability or capacity for growth, development, or future success.

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