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Question 48

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Use the following to answer questions :
Figure: A Tariff on Oranges in South Africa Use the following to answer questions : Figure: A Tariff on Oranges in South Africa -(Figure: A Tariff on Oranges in South Africa) Look at the figure A Tariff on Oranges in South Africa. When the government imposes a tariff on imported oranges, the price of oranges in South Africa rises from P<sub>W</sub> to P<sub>T</sub> and there's a net _____ to total surplus of _____. A) addition; I + J + K+ L B) addition; I + J + K C) reduction; I + K D) reduction; I + J + K + L
-(Figure: A Tariff on Oranges in South Africa) Look at the figure A Tariff on Oranges in South Africa. When the government imposes a tariff on imported oranges, the price of oranges in South Africa rises from PW to PT and there's a net _____ to total surplus of _____.


A) addition; I + J + K+ L
B) addition; I + J + K
C) reduction; I + K
D) reduction; I + J + K + L

Correct Answer:

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