Rank the Following in Ascending Order of Welfare for the Country

question 57

Essay

Rank the following in ascending order of welfare for the country imposing the duty or quota. If two items are equivalent, indicate this accordingly.
I. tariff t in a small country with perfect competition
II. tariff t in a small country with a domestic monopoly
III. quota with the same imports M as under the tariff, in a small country with a home monopoly

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Definitions:

Visible Scars

Physical marks on the body that are easily seen and often result from injuries or surgeries.

Physical Injuries

Harm or damage to the body caused by accidents, violence, or any external force, often requiring medical intervention.

Emotional Abuse

A form of abuse characterized by a person subjecting another to behavior that can result in psychological trauma, including anxiety, chronic depression, or post-traumatic stress disorder.

Substance Abuse

The harmful pattern of using substances (such as drugs or alcohol) leading to significant impairments or distress, including health problems, disability, and failure to meet responsibilities.