4. Rank the following in ascending order of Home welfare and justify your answers. If two items are equivalent, indicate this accordingly: a) Tariff t in a small country with perfect competition, resulting in imports of M.b) Tariff t in a small country with a Home monopoly.c) Quota with the same imports M in a small country, with a Home monopoly.d) Tariff t in a country facing a Foreign monopoly.

4. Rank the following in ascending order of Home welfare and justify your answers. If two items are equivalent, indicate this accordingly: a) Tariff t in a small country with perfect competition, resulting in imports of M. b) Tariff t in a small country with a Home monopoly. c) Quota with the same imports M in a small country. with a Home monopoly. d) Tariff t in a country facing a Foreign monopoly