Question: Hi, could you help me solve these multiple choice questions with answers explained (best using a diagram) QUESTION A.5 A country imposing a tariff can

 Hi, could you help me solve these multiple choice questions withanswers explained (best using a diagram) QUESTION A.5 A country imposing atariff can benefit in terms of social welfare if A. The terms-of-trade

Hi, could you help me solve these multiple choice questions with answers explained (best using a diagram)

benefit exceeds the sum of production and consumption distortion loss. B. Thetariff revenue exceeds the sum of production and consumption distortion loss. 0.The consumer surplus loss is less than the producer surplus gain. D.

QUESTION A.5 A country imposing a tariff can benefit in terms of social welfare if A. The terms-of-trade benefit exceeds the sum of production and consumption distortion loss. B. The tariff revenue exceeds the sum of production and consumption distortion loss. 0. The consumer surplus loss is less than the producer surplus gain. D. The terms-of-trade benefit exceeds the consumer surplus loss. (1 mark) gag'gw.' :13" ., . ,._-_.._'.'_,_',:.-.1 '- '5' "1-51- "..-. _.. _ w"- Explain your answer}; - " and using a diagram (4 marks) QUESTION A.4 In a Mixed Specific Factors model with two sectors, Cars (0) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then A. Both owners of K and owners of A will benefit. B. Owners of A will benefit. C. Owners of K will benefit. D. Neither owners of K nor owners of A will benefit. (1 mark) Explain your answer__... :__ . nd using a diagram (4 marks) QUESTION A.3 In the Pure Specific Factors model with two sectors, Cars (C) and Wheat (W), Capital (K) is specific to C and Land (A) is specific to W. If the government imposes a tariff on the imports of W then A. Both owners of K and owners of A will benefit. B. Owners of A will benefit. C. Owners of K will benefit. D. Neither owners of K nor owners of A will benefit. (1 mark) Explain your answer I - 'and using a diagram (4 marks)

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