The graph above shows supply and demand in the domestic market without trade. Consumer surplus without trade is represented by area

Import tariffs generally result in

A) higher domestic prices. B) less consumer surplus. C) more producer surplus for domestic producers. D) a deadweight loss. E) all of the above

If a farmer rents the land he works on, then any price support or deficiency payments he receives __________ capitalized into the value of that land, and so his economic profit from farming __________

A) are; goes to zero B) are; remains positive C) are not; goes to zero D) are not; remains positive