In 2009 tariffs were imposed on Chinese tires. The result of this tariff was a drop in imports of these tires from $13 million to $5.6 million tires in one quarter. Additionally, within one year, the average radial tire prices rose by $8 per tire (in the United States): the average price of Chinese tires rose from $30.79 to $37.98, while the average price of tires from all other nations rose from $53.94 to $62.02. QUESTIONS: Who were the winners and losers of this tire tariff overseas

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.