If Country a Is Importing Good X from Country B

question 10

True/False

If country A is importing good x from country B where x is produced along a perfectly inelastic supply curve, then country B will suffer the entire deadweight loss from any tariff imposed on imports to country A.

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Definitions:

Energy Pyramid

For an ecosystem, a graphic depicting the energy that flows through each trophic level in a given interval.

Trophic Level

The rank in the food chain of an organism, determined by the number of energy-transfer steps to that level.

Biomass

The total mass of organisms in a given area or volume, an important energy source and ecological metric for understanding ecosystems.

Biogeochemical Cycle

A nutrient moves among environmental reservoirs and into and out of food webs.