Exhibit 33-3 ​

question 125

Multiple Choice

Exhibit 33-3
​

-Refer to Exhibit 33-3. The world price is P_W. If a tariff is imposed, the price rises to P_W + T. Because of the tariff, producers' surplus is __________ by an amount equal to the area of __________.

• A)increased; 1 + 2
• B)decreased; 1
• C)increased; 3 + 4
• D)increased; 1
• E)decreased; 3

---

Definitions:

Topic Goals

Objectives or aims that are specific to the subject or matter at hand, focusing on achieving particular outcomes related to the topic.

Identity Issues

Problems or conflicts arising from a person's understanding, acceptance, or perception of their own self-identity.

Collaborative

Involving or characterized by joint work, effort, or cooperation among parties to achieve a common goal or objective.

Conflict Goals

The specific outcomes or objectives that individuals or groups aim to achieve in a conflict situation.