Suppose That the United States Is a Large Country

question 27

Multiple Choice

Suppose that the United States is a large country. In fall 2009, the United States imposed tariffs on tires imported from China. The deadweight losses of these tariffs were larger than the terms-of-trade gains to the U.S. economy. Who was better off and who was worse off as a result of these tariffs?

• A) U.S. tire workers were better off; U.S. consumers and Chinese tire producers were worse off.
• B) U.S. tire workers, U.S. consumers, and Chinese tire producers were all worse off.
• C) U.S. tire workers and Chinese tire producers were better off; U.S. consumers were worse off.
• D) U.S. tire workers and U.S. consumers were better off; Chinese tire producers were worse off.

---

Definitions:

Alginate

A biodegradable polymer extracted from seaweed, used in wound dressings and as an ingredient in food and pharmaceutical products.

Foam Dressing

A type of medical dressing made of polyurethane foam that absorbs wound exudate and maintains a moist wound environment conducive to healing.

Contaminated Wound

A wound with the presence of bacteria or other pathogens that can potentially lead to infection.

Tertiary Intention

A wound care strategy where a wound is intentionally left open due to contamination and is closed later by surgical intervention after it has been cleaned.