I have an upcoming final and these are the questions of a review I did absolutely horrible on. I am genuinely unsure as to what I am getting wrong. If someone could tell me what I got right and what I am doing wrong and give me the answers so I can study properly I will appreciate it more than you know. Each question could have one answer or multiple answers. I am so unsure thank you!!!!

Question 5 2 pts Why has the US had a persistent trade decit for the last 35 years? C] Because countries like Saudi Arabia and Nigeria want to import Benjamins and are willing to sell us stuff to get them. Because trade is a zero-sum game - if one person wins another person loses - and we in the United States are losing year after year because of China's unfair business practices. E] Because US regulation has shipped all our manufacturing jobs overseas so we don't make stuff anymore. E] Because countries like l[China and Japan want to import our govemment debt in the form of Treasury.r bills and are willing to sell us stuff to get them. E] Because countries like Mexico and the EU like to bus:r our stocksr bonds. and companies and are willing to sell us stuff to get them. Question 6 2 pts Which of the following will happen if the tariff on mugs is increased? The amount of mugs we import will decrease E] Government revenue might increase or decrease E] The amount of mugs we produce will decrease E] US consumers will pay The full tariff E] The amount of mugs we consume will decrease Question 7 2 pts If the US increases tariffs on headphones, what will happen to the trade deficit? O) Nothing. The deficit is caused by saving and investing, not by tariff rates The deficit will decrease because imports decrease O) The deficit will increase because imports decrease O) I can't tell. Never reason from a price change! O) The deficit will increase because the price of headphones will increase as wellIf the US imposed a $15 tariff on dart boards, by how much would consumer surplus shrink? (Recall that the area of a triangle is base*height/2. Assume that the demand curve intersects the y-axis at $83.7583.75-. Round to the nearest dollar.) price supply domestic price - $35 import price + tariff $20 demand 100 300 500 650 850 quantity 11,250Question 1 2 pts In the end. who pays the tariffs? E] the US government the foreign producers C] foreign governments E] US producers that also produce the good being tariffed US consumers Question 2 2 pts A country's balance of payments is ... an itemized account of a nation's foreign economic transactions, including trade in finance as well as goods and services O negative when the nation runs a trade deficit is different in every nation always zero positive when the nation runs a trade surplusQuestion 3 2 pts Which of the following would be recorded in the US goods export account? ) Carlos Slim, a Mexican citizen and currently the richest person in the world, purchases 1,000 shares of Google stock. France purchases a new jet fighter from Boeing in the US O While visiting the United States, Carlos Slim buys a banana. O) The US government gives money to US peanut farmers (a subsidy) in the hopes they will grow more peanuts for export. O While living in Nigeria, Dr. Watson buys a banana.Question 4 2 pts Why is Dr. Watson unconcerned about the trade deficit? O) The trade deficit only counts trade in goods. We sell more financial assets than we buy, leading to a "current account" deficit but a "capital account" surplus in our balance of payments. The trade deficit reflects the fact that foreigners want to invest in America, so they sell us goods in exchange for stocks, bonds, and other financial assets. Dr. Watson is only unconcerned so long as interest rates remain low. As they increase, he will be more worried about the trade deficit. Because the dollar is still strong. If it gets weaker, then he'll worry. It's overstated: Take smartphones for example. They are made of parts from 12+ countries, including the US, but we count them as if they came 100% from China instead of subtracting the part that came from us in the first place