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3 Figure 4.2. Import Tariff Levied by a large Country 5. Consider Figure 4.2, Of the $100 tariff, $ is passed on to the U.S.

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Figure 4.2. Import Tariff Levied by a "large" Country 5. Consider Figure 4.2, Of the $100 tariff, $ is passed on to the U.S. consumer via a higher price, while $ is borne by the foreign exporter; the U.S. Ierms of trade: it. $25,$75, improve b. $25,$75, worsen c. $75,$25, improve d, $75,$25, worsen 6. Referring to Figure 4.2, the tariff's dead weight welfare loss to the United States totals: a. $450 b. $550 c. $650 d. $750 7. According to Figure 4.2, the tariff's terms-of-trade effect equals: a. $300 b. $400 c. $500 d. $600 Figure 4.2. Import Tariff Levied by a "large" Country 5. Consider Figure 4.2, Of the $100 tariff, $ is passed on to the U.S. consumer via a higher price, while $ is borne by the foreign exporter; the U.S. Ierms of trade: it. $25,$75, improve b. $25,$75, worsen c. $75,$25, improve d, $75,$25, worsen 6. Referring to Figure 4.2, the tariff's dead weight welfare loss to the United States totals: a. $450 b. $550 c. $650 d. $750 7. According to Figure 4.2, the tariff's terms-of-trade effect equals: a. $300 b. $400 c. $500 d. $600

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