Refer to the Information Provided in Figure 19

question 56

Multiple Choice

Refer to the information provided in Figure 19.4 below to answer the questions that follow.
Figure 19.4
-Refer to Figure 19.4.The domestic price of a leather wallet is $20.With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15.After the tariff is imposed,

• A)domestic production and consumption will increase by 50 wallets and domestic consumption will increase by 50 wallets.
• B)domestic production will increase by 150 wallets and domestic consumption will decrease by 250 wallets.
• C)domestic production will increase by 100 wallets and domestic consumption will decrease by 100 wallets.
• D)domestic production will increase by 50 wallets and domestic consumption will decrease by 50 wallets.

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Definitions:

Diethylstilbestrol

A synthetic estrogen that was prescribed to pregnant women to prevent miscarriages and premature labor, later found to cause significant health issues.

Blastocyst

A stage of early embryonic development in mammals; it is a structure formed about five days after fertilization, consisting of an inner cell mass, a fluid-filled cavity, and an outer layer of trophoblast cells.

Placenta

During pregnancy, an organ arises in the uterus, serving to deliver essential nutrients and oxygen to the developing baby, as well as clearing out the baby’s metabolic waste.

Endoderm

The innermost layer of cells or tissue of an embryo in early development that gives rise to the lining of the digestive and respiratory systems.