the nominal tariff? Dem 4. Less developed nations sometimes argue that the industrialized nations' tariff structures discourage Price the less developed nations from undergoing $5 industrialization. Explain. 40 5. Distinguish between consumer surplus and pro- ducer surplus. How do these concepts relate to a 30 country's economic welfare? 20 6. When a nation imposes a tariff on the importation 10 of a commodity, economic inefficiencies develop that detract from the national welfare. Explain 7. What factors influence the size of the revenue