The Graph Above Shows Domestic Supply and Demand with Trade

question 47

Multiple Choice

The graph above shows domestic supply and demand with trade in a SMALL country.With trade,this country can purchase at the world price,Pw.
Suppose that this country imposes a $5 per unit tariff on this good.Which of the following will NOT occur?

• A)Government revenue will increase.
• B)Domestic consumers will be worse off.
• C)Domestic producers will be better off.
• D)The gains to the winners will exceed the losses to the losers from the tariff.

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Definitions:

Homeobox

A DNA sequence found within genes that are involved in the regulation of the development of anatomical structures in various organisms.

Eukaryotic Organisms

Organisms whose cells contain a nucleus and other organelles enclosed within membranes, differing from prokaryotic organisms which lack these features.

DNA Sequence

The precise order of nucleotides within a DNA molecule, critical for encoding genetic information.

Chromosome

A long DNA molecule with associated proteins that help to package and manage the DNA, forming the structural foundation of genes and genetic information in organisms.