Section D. - Open questions -15 points. 5 points per subquestion. Please write down your answers in a concise but clear manner. 1. Tariffs can never raise a country's standard of living. True or false? Explain carefully. 2. Suppose that a country requires special health inspection on all imported food, but it exempts domestic production from similar inspections. What effect do you think this will have on imports, domestic production, prices and quantities consumed? 3. Developed countries have nothing to gain by trading with developing countries. True or false? Discuss in light of the trade models you learned in class