(Table: Export Supply Elasticities) This Table Gives the Foreign Elasticity

Multiple Choice

(Table: Export Supply Elasticities) This table gives the foreign elasticity of supply for several types of U.S. steel imports. It is almost certain that the 2002 imposition of 13% to 15% tariffs on steel tubes and pipes resulted in:

A) terms-of-trade gains that were greater than deadweight losses.
B) terms-of-trade gains that equaled deadweight losses.
C) deadweight losses that were greater than terms-of-trade gains.
D) no deadweight losses.