Refer to the information provided in Figure 16.3 below to answer the question(s) that follow. 
Figure 16.3Refer to Figure 16.3. At 15 units of output there are external ________ per unit.
A. costs of $6
B. costs of $0
C. benefits of $2
D. benefits of $8
Answer: B
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Changes in the national incomes of our trading partners would directly affect our ________.
A. imports B. consumption C. government spending D. exports
If the demand curve over a certain range is "price elastic," this implies that the:
a. percentage change in the quantity demanded exceeds one. b. percentage change in the quantity demanded exceeds the percentage change in product price. c. percentage change in price exceeds the percentage change in quantity demanded. d. product is non-reactive. e. product has no good substitute.
Median income is the:
A. in the level earned by the household exactly in the middle of the national income distribution. B. the total national income divided by the total population. C. the total national income divided by the total number of households. D. 50% of the top quintile level of income.
What is the percent reduction in import quantity in a country due to the tariffs imposed by the government, if the country's import tariffs are all 10 percent, the total imports affected by the tariffs are 40 percent of the GDP, and the net national loss from the tariffs as a percentage of GDP is 0.6 percent?
A. 30% B. 40% C. 20% D. 10%