(Solved): Figure: Trade 1 If this figure represents the market for oil and the country imposes no tariffs on ...

Figure: Trade 1 If this figure represents the market for oil and the country imposes no tariffs on international trade, domestic consumpt will be: 1,000 units. 500 units. 1,300 units. 1,150 units. If the world price for the good in this figure is higher than the domestic price, a move to free international trade means that the domestic economy will become: a net importer of the good. either a net importer or a net exporter of the good, but it is impossible to say which. neither a net importer nor a net exporter of the good. a net exporter of the good. Fionre: Intarnatinnal Trada o What is the size of the tariff in this figure? \( \$ 1 \) \( \$ 5 \) \( \$ 8 \) \( \$ 3 \) Figure: Foreign Trade 2 What is the dollar value of the deadweight loss created as a result of prohibiting trade in this market? \( \$ 9,375 \) \( \$ 37,500 \) \( \$ 6,250 \) \( \$ 3,125 \) Because of pressure from the United States, the garment industry in Bangladesh dismissed 30,000 to 50,000 child laborers. This action: was very beneficial, since most of the children returned to school full time. resulted in many of the children turning to prostitution and taking jobs with worse conditions and lower pay. None of the answers is correct. led to a civil uprising in Bangladesh, claiming the lives of almost 4,000 of these children.