Refer to the information provided in Figure 33.5 below to answer the question(s) that follow. Figure 33.5Refer to Figure 33.5. The domestic price of oil is $130 per barrel, and the world price of oil is $120 per barrel. If the domestic government imposes a tariff of $________ per barrel, it will eliminate all oil imports and achieve tariff revenues of $________.

Archibald's Tattoos is a perfectly competitive firm. The firm's costs are shown in the table above. If the market price of a tattoo is $17.50, what is the firm's economic profit?

A) zero B) $2.50 per hour C) $12.50 per hour D) -$10.00 per hour

The study of factors that influence both international and interregional trade is referred to as

A) accidents of history. B) economic geography. C) factor abundance theory. D) weather analysis. E) centralized optimization.