Question :
141.RefertoFigure9-14.Whenthecountryforwhichthefigureisdrawnallowsinternationaltradeincrudeoil,
a.consumersurplusfordomesticcrude-oilconsumersdecreases.
b.thedemandforcrudeoilbydomesticcru : 1262611
141.RefertoFigure9-14.Whenthecountryforwhichthefigureisdrawnallowsinternationaltradeincrudeoil,
a.consumersurplusfordomesticcrude-oilconsumersdecreases.
b.thedemandforcrudeoilbydomesticcrude-oilconsumersdecreases.
c.thelossesofthedomesticlosersoutweighthegainsofthedomesticwinners.
d.domesticcrude-oilproducersselllesscrudeoil.
142.RefertoFigure9-14.Whenthecountryforwhichthefigureisdrawnallowsinternationaltradeincrudeoil,
a.consumersurpluschangesfromtheareaA+B+DtotheareaA.
b.producersurpluschangesfromtheareaCtotheareaB+C+D.
c.totalsurplusdecreasesbytheareaD.
d.Alloftheabovearecorrect.
143.RefertoFigure9-14.Thecountryforwhichthefigureisdrawn
a.hasacomparativeadvantagerelativetoothercountriesintheproductionofcrudeoilanditwillexportcrudeoil.
b.hasacomparativeadvantagerelativetoothercountriesintheproductionofcrudeoilanditwillimportcrudeoil.
c.hasacomparativedisadvantagerelativetoothercountriesintheproductionofcrudeoilanditwillexportcrudeoil.
d.hasacomparativedisadvantagerelativetoothercountriesintheproductionofcrudeoilanditwillimportcrudeoil.
144.RefertoFigure9-14.Aresultofthiscountryallowinginternationaltradeincrudeoilisasfollows:
a.Thewell-beingofdomesticcrude-oilproducersisnowhigherinthattheynowsellmorecrudeoilatahigherpriceperbarrel.
b.Theeffectonthewell-beingofdomesticcrude-oilconsumersisunclearinthattheynowbuymorecrudeoil,butatahigherpriceperbarrel.
c.Theeffectonthewell-beingofthecountryisunclearinthatdomesticproducersurplusincreases,whiletheeffectondomesticconsumersurplusisunclear.
d.Alloftheabovearecorrect.
145.Atariffonaproductmakes
a.domesticsellersbetteroffanddomesticbuyersworseoff.
b.domesticsellersworseoffanddomesticbuyersworseoff.
c.domesticsellersbetteroffanddomesticbuyersbetteroff.
d.domesticsellersworseoffanddomesticbuyersbetteroff.
146.Atariffonaproduct
a.isadirectquantitativerestrictionontheamountofagoodthatcanbeimported.
b.increasesthedomesticquantitysupplied.
c.increasesdomesticconsumersurplus.
d.Alloftheabovearecorrect.
147.Atariffonaproduct
a.enhancestheeconomicwell-beingofthedomesticeconomy.
b.increasesthedomesticquantitysupplied.
c.increasesthedomesticquantitydemanded.
d.resultsinanincreaseinproducersurplusthatisgreaterthantheresultingdecreaseinconsumersurplus.
148.IftheUnitedStatesimportstelevisionsandtheU.S.governmentimposesatariffontelevisions,then
a.totalsurplusintheAmericantelevisionmarketdecreases.
b.producersurplusintheAmericantelevisionmarketincreases.
c.U.S.importsofforeigntelevisionsdecrease.
d.Alloftheabovearecorrect.
149.Whenacountrythatimportsaparticulargoodimposesatariffonthatgood,
a.consumersurplusincreasesandtotalsurplusincreasesinthemarketforthatgood.
b.consumersurplusincreasesandtotalsurplusdecreasesinthemarketforthatgood.
c.consumersurplusdecreasesandtotalsurplusincreasesinthemarketforthatgood.
d.consumersurplusdecreasesandtotalsurplusdecreasesinthemarketforthatgood.
150.Whenacountrythatimportsaparticulargoodimposesatariffonthatgood,
a.producersurplusincreasesandtotalsurplusincreasesinthemarketforthatgood.
b.producersurplusincreasesandtotalsurplusdecreasesinthemarketforthatgood.
c.producersurplusdecreasesandtotalsurplusincreasesinthemarketforthatgood.
d.producersurplusdecreasesandtotalsurplusdecreasesinthemarketforthatgood.