IB Economics Protectionism Diagrams

Identify the letters on this diagram that show "government revenue from the tariff".

• g + h

• i + j

• d + e

• d + e + i + j

Identify the letters on this diagram that show "consumer expenditure".

• g + h + i + j + k

• a + b + c + g + h

• a + b + c + d + e + g + h + i + j + k

• d + e + i + j

Identify the letters on this diagram that show "domestic producer revenue".

• g

• a + b + c + g + h

• a + b + c + d + e + g + h + i + j + k

• g + h

Identify the letters on this diagram that show "welfare/deadweight loss".

• c + d + e + f

• c + f

• a + b + c + d + e + f

• d + e

Identify the quantity imported on this diagram.

• Q2 - Q1

• Q4 - Qe

• Q2 - Q3

• Q4 - Q3

Identify the domestic quantity demanded (Qd) on this diagram.

• Q2

• Q4

• Q3

• Q1

Identify the letters on this diagram that show "consumer surplus".

• a + b + c + d + e + f

• c + d + i

• a + b

• a + b + c + d + e + f + g + h

Identify the letters on this diagram that show "foreign producer revenue".

• d + e + k

• c + i + j

• c + d + i

• g + h

Identify the letters on this diagram that show "welfare/deadweight loss".

• d + e + k

• c + d + e + f + g + h

• c + d + i

• g + h

Identify the letters on this diagram that show the "government opportunity cost from the subsidy".

• a + b + e + f + g

• g

• e + f + g

• f + g + b