QUESTION 29 pepe Refer to the above figures. A tariff is placed on a foreign goo

Question

QUESTION 29 pepe Refer to the above figures. A tariff is placed on a foreign good. Which figure represents the situation in O Panel A O Panel B O Panel C O Panel D the domestic market for the foreign good? QUESTION 30 The final round of GATT negotiations in 1993 O left tariffs and trade barriers unchanged O ratified the World Trade Organization to resolve trade disputes. O lowered some trade barriers but increased tarifs O increased trade barriers and tarifts QUESTION 31 O having foreign residents buy the government bonds of the country having tourists visit the country O importing te xties

Explanation / Answer

29. The correct answer is A. As the tariff is imposed the supply of the falls. The correct answer is A.

30. The correct answer should be B.

31. The correct answer is B.

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