answer the following questions:

A tariff affects imports If\" a. by raising price and reducing quantity demanded. I!\" b. by increasing supply, raising price, and reducing demand. I!\" c. by limiting quantity and raising price to a higher level. I!\" d by reducing quantity demanded so that supply falls. Why does equilibrium in the market for a traded good not occur where that country's quantity demanded equals quantity supplied? If\" a. Because some of the good is imported or exported. F b. Because markets are never in equilibrium. If\" c. Because there are several demand curves, and the market can't choose between them. F d. All of the above are correct. If\" e. Because equilibrium occurs where demand equals supply. Pestoland Pastaland In Figure 34-9, hostilities break out between Pastaland and Pestoland after Pestoland violates the Treaty of Basil. Consequently, trade stops and the price of pasta If\" a. rises to OJ in Pastaland and falls to DC in Pestoland. F b. rises to OJ in both countries. If\" c. falls to DC in Pastaland and rises to OJ in Pestoland. F d falls to DC in both countries. One of the major reasons why nations trade is that F a. nations wish to copy others and need imports to study. If\" h. nations choose to trade for largely unknown reasons. F\" c. resources are not equally distributed across the planet. If\" d. nations wish to exert cultural inuence abroad. When can a country gain a price advantage on imports by imposing a tariff? If\" a. When it has a comparative advantage in the production of all goods F b. When trade agreements prohibit quotas but permit tariffs IF c. When it is the largest country with absolute advantage in all goods F d. When it can do so without other countries retaliating with tariffs