Use the figure below to answer the following question. The graph shows a home monopolist market with the imposition of an import tariff.  According to the graph, the decrease in consumer surplus due to the tariff is:

“Infant industry protection” refers to:

Job polarization refers to situations in which:

Use the figure below to answer the following question. What are the “consumer gains from trade” in this diagram?

Use the figure below to answer the following question. Under conditions of no-trade, the domestic monopolist will produce and sell ________ units at a price of ________.

Use the figure below to answer the following question. The government revenue due to the import tariff is:  

In order to justify limiting imports to ensure the survival of the “infant industry,” and to justify government protection, what conditions should exist?

In long-run equilibrium with trade, losses from import competition will force some firms to __________, increasing the remaining firms’ demand curves, which will become __________ due to the increased variety of products from __________.

Which group of U.S. citizens is most likely to compete with undocumented immigrants in the United States?

The U.S. Commerce Department defines foreign direct investment as occurring when: