In 2006, the European Union tariff on imported bananas from Latin America was €176 a ton. Suppose 2.5 million tons of bananas were imported in 2006 but then the tariff decreased to €152 a ton in 2007 and as a result, 3 million tons were imported in 2007. What is the change in tariff revenue between 2006 and 2007?
A) €1,000,000
B) €440,000,000
C) €445,000,000
D) - €1,000,000
Correct Answer:
Verified
Q151: Which of the following is a valid
Q154: Trade barriers are politically popular because
A) they
Q158: Between August 2007 and July 2008, Brazil
Q161: In 2008, Agriculture Secretary Ed Schafer announced
Q162: Between August 2007 and July 2008, Brazil
Q163: During the first 6 months of 2008,
Q164: Give a brief description of the history
Q165: During the first 6 months of 2008,
Q166: In 2006, the European Union (EU) threatened
Q167: "When countries specialize in producing the good
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents