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Refer to Figure 35

Question 149

Multiple Choice

Refer to Figure 35.5.If S<sub>1</sub> represents the U.S.domestic supply of a good and S<sub>2</sub> represents supply in the United States under conditions of free trade, what does S<sub>3</sub> most likely represent? A) U.S. supply under tariff-restricted trade. B) U.S. supply under quota-restricted trade. C) The result of a foreign country dumping this good on the U.S. market. D) Production possibilities under conditions of free trade. Refer to Figure 35.5.If S1 represents the U.S.domestic supply of a good and S2 represents supply in the United States under conditions of free trade, what does S3 most likely represent?


A) U.S. supply under tariff-restricted trade.
B) U.S. supply under quota-restricted trade.
C) The result of a foreign country dumping this good on the U.S. market.
D) Production possibilities under conditions of free trade.

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