Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small" nation that is unable to affect the world price.
Figure 4.1. Import Tariff Levied by a "Small" Country
-According to Figure 4.1, the tariff results in the Mexican government collecting
A) $100.
B) $120.
C) $140.
D) $160.

Question

Figure 4.1 illustrates the demand and supply schedules for pocket calculators in Mexico, a "small" nation that is unable to affect the world price.
Figure 4.1. Import Tariff Levied by a "Small" Country 
-According to Figure 4.1, the tariff results in the Mexican government collecting
A) $100. 
B) $120. 
C) $140. 
D) $160.

Quizplus · Accepted Answer

The tariff revenue collected by the government is determined by the tariff rate multiplied by the quantity of imports. In this case, the correct answer would be based on the specific details provided in Figure 4.1, which are not visible here. However, if the correct answer is B) $120, it suggests that the tariff rate applied to the quantity of imports results in a total revenue of $120 for the Mexican government.

Figure 41 Illustrates the Demand and Supply Schedules for Pocket Calculators