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39) Refer to Figure 34-2. If Canada imposes a tariff of $t per pair of jeans, the deadweight loss to the Canadian economy is represented by the area A) E +H. B)E+F+G+H. CD+E+F+G+ H D ) B+C. E) H.
38) Refer to Figure 34-2. Suppose Canada has free trade in jeans and then imposes a tariff of $t per pair. The deadweight loss to the Canadian economy is represented by the area A) E +H. B) E +F+G+H. C) D+E+F+G+H. D) B+C. E) A+B+C.
32. What area represents the deadweight loss created by the tarif (a) E + F + H. (b) E + G +H. (c) E +H. (d) E+F+G + H.
