201.RefertoFigure9-17.Withfreetrade,thecountryimports a.16unitsofthegood. b.24unitsofthegood. c.60unitsofthegood. d.64unitsofthegood. 202.RefertoFigure9-17.Relativetothefree-tradeoutcome,theimpositionofthetariff a.decreasesimportsofthegoodby16unitsandincreasesdomesticproductionofthegoodby8units. b.decreasesimportsofthegoodby16unitsandincreasesdomesticproductionofthegoodby16units. c.decreasesimportsofthegoodby24unitsandincreasesdomesticproductionofthegoodby8units. d.decreasesimportsofthegoodby24unitsandincreasesdomesticproductionofthegoodby24units. 203.RefertoFigure9-17.Theamountofrevenuecollectedbythegovernmentfromthetariffis a.$32. b.$288. c.$368. d.$720. 204.RefertoFigure9-17.Thedeadweightlosscausedbythetariffis a.$24. b.$72. c.$96. d.$144. 205.RefertoFigure9-17.Whencomparingnotradetofreetrade,thegainsfromtradeamounttoa.$400. b.$600. c.$750. d.$1,000. 206.RefertoFigure9-17.Whenthecountrymovesfromnotradetofreetrade,consumersurplus a.increasesby$1,200andproducersurplusincreasesby$600. b.increasesby$1,200andproducersurplusdecreasesby$600. c.decreasesby$1,350andproducersurplusincreasesby$450. d.decreasesby$1,350andproducersurplusdecreasesby$450. 207.RefertoFigure9-17.Whenthecountrymovesfromfreetradetotradeandatariff,consumer surplus a.decreasesby$576andproducersurplusdoesnotchange. b.decreasesby$576andproducersurplusincreasesby$192. c.decreasesby$792andproducersurplusdoesnotchange. d.decreasesby$792andproducersurplusincreasesby$192. 208.Whenacertainnationabandonedapolicyofprohibitinginternationaltradeinautomobilesinfavorofafree-treepolicy,theresultwasthatthecountrybegantoimportautomobiles.Thechangeinpolicyimprovedthewell-beingofthatnationinthesensethat a.bothproducersofautomobilesandconsumersofautomobilesinthatnationbecamebetteroffasaresult. b.thegainstoautomobileproducersinthatnationexceededthelossesoftheautomobileconsumersinthatnation. c.thegainstoautomobileconsumersinthatnationexceededthelossesoftheautomobileproducersinthatnation. d.eventhoughtotalsurplusinthatnationdecreased,itwasstilltruethatconsumersurplusandproducersurplusincreased. 209.Afteracertainnationchangeditspolicyfromonethatbannedinternationaltradeinwheattoonethatallowedinternationaltradeinwheat,thenationbeganimportingwheat.Asaresult,totalsurplusinthewheatmarketincreasedby$10million.Whichofthefollowingchangescouldhaveoccurredaswell? a.Thepriceofwheatinthatnationincreasedwiththeadoptionofthenewpolicy. b.Thedomesticquantityofwheatsuppliedincreasedwiththeadoptionofthenewpolicy. c.Consumersurplusinthewheatmarketincreasedby$7millionandproducersurplusinthewheatmarketincreasedby$3million. d.Consumersurplusinthewheatmarketincreasedby$15millionandproducersurplusinthewheatmarketdecreasedby$5million. 210.WhenthenationofIsolandopensupitssteelmarkettointernationaltrade,thatchange a.createswinnersandlosers,regardlessofwhetherIsolandendsupexportingorimportingsteel. b.resultsinadecreaseintotalsurplus,regardlessofwhetherIsolandendsupexportingorimportingsteel. c.createswinners,butnolosers,ifIsolandendsupexportingsteel. d.createslosers,butnowinners,ifIsolandendsupimportingsteel.