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21) Refer to above figure. In the absence of trade,

Question : 21) Refer to above figure. In the absence of trade, : 1925442

21) Refer to above figure. In the absence of trade, how many Widgets does this country produce and consume?

22) Refer to above figure. In the absence of trade, what is the country's consumer plus producer surplus?

23) Refer to above figure. With free trade and no tariffs, what is the quantity of Widgets imported?

24) Refer to above figure. With a specific tariff of $3 per unit, what is the quantity of Widget imports?

25) Refer to above figure. The loss of Consumer Surplus due to the tariff equals ________.

26) Refer to above figure. The lowest specific tariff which would be considered prohibitive is ________.

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