The consumer's income is $800.According to the above figure, what are the prices of goods X and Y?

The production side efficiency loss of a tariff is caused by

A) confusion about prices when a tariff is imposed. B) higher profits gained by foreign producers. C) the expansion of relative inefficient domestic production. D) the contraction of domestic consumption. E) the increase in government revenue.

Government intervention in agriculture usually involves

A) price ceilings in order to keep food prices low. B) price ceilings in order to subsidize U.S. exports. C) price supports in order to keep farm incomes high. D) price supports in order to keep agricultural imports low.