Use the following to answer questions :
Figure 18-4 
-Which of the following is a true statement in reference to Figure 18-4, assuming that there is free trade?
A) Country A faces a higher price for oil than without trade.
B) Country A consumes length AB more oil than without trade.
C) Country A consumes length BC more oil than without trade.
D) Country B faces a higher price for oil than without trade.
E) Country A faces a smaller price for oil than without trade.
Correct Answer:
Verified
Q21: Quotas are:
A)economically better than tariffs.
B)economically inferior to
Q22: Use the following to answer questions :
Figure
Q23: It is likely that a tariff will:
A)improve
Q24: Use the following to answer questions :
Figure
Q25: Use the following to answer questions :
Figure
Q27: Use the following to answer questions :
Figure
Q28: Use the following to answer questions :
Figure
Q29: Use the following to answer questions :
Figure
Q30: Use the following to answer questions :
Figure
Q31: Use the following to answer questions :
Figure
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