From the Following Figure,in Which Dc and Sc Refer,respectively to the Domestic

question 4

Essay

From the following figure,in which Dc and Sc refer,respectively to the domestic demand and supply curves of cloth,and SF and SF+T refer,respectively,to the world supply curve of cloth under free trade and with a 50% import tariff imposed by the nation on the importation of cloth,determine:
(a)the consumption,production effect,and the trade effect of the tariff.
(b)the reduction in consumer surplus,the increase in producer surplus or rent,the tariff revenue,and the protection cost or deadweight loss to the economy as a result of the tariff.

---

Definitions:

Operant Conditioning

A learning process through which the strength of a behavior is modified by reinforcement or punishment.

Spontaneous Recovery

A phenomenon in learning and conditioning where a previously extinguished response re-emerges after a period of no exposure to the conditioned stimulus.

Classical Conditioning

A type of learning in which one learns to link two or more stimuli and anticipate events.

Discrimination

Unjustifiable negative behavior toward a group and its members.