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mylab.pearson.com + Course Home about:blank Homework ECN 104 - F2025 - Section 011 Noorman Hothi 11/12/25 10:54 PM Homework: Homework 5 Question Completed: 24 of 60 My score: 21.81/60 pts (36.35%) Save Minimize list The mercantilist economic doctrine was widely followed from the sixteenth to the eighteenth centuries in Europe. Mercantilists advocated the use of tariffs to restrict trade, as they believed that countries that export more than they import will increase wealth What could be the problem with such an economic policy? Review Question 10 4 A. Consumers pay a price that is lower than the world price, increasing consumer surplus. Question | 1/1 pt O B. Domestic producers are harmed, reducing producer surplus. Review Question 12 O C. Consumers pay a price that is higher than the world price, reducing consumer surplus. Question | 0/1 pt O O D. Total surplus in the economy rises. Review Question 14 50 Question | 0/1 pt O Text Problem 11 51 Question | 0/1 pt Concept Question 8.5.1 52 Question | 0/1 pt Concept Question 8.5.2 53 Question | 0/1 pt Concept Question 8.5.3 54 Question | 0/1 pt Concept Check 8.5.1.1 Etext pages Grapher Clear all