Figure 19-2
Suppose the U.S. government imposes a $0.40 per pound tariff on rice imports. Figure 19-2 shows the impact of this tariff.
-Refer to Figure 19-2.The tariff revenue collected by the government equals the area

Question

Figure 19-2
  Suppose the U.S. government imposes a $0.40 per pound tariff on rice imports. Figure 19-2 shows the impact of this tariff.
-Refer to Figure 19-2.The tariff revenue collected by the government equals the area

Quizplus · Accepted Answer

The tariff revenue collected by the government equals the amount of tariff times the quantity of imports, which is represented by the rectangular area of E in the figure. Therefore, the correct answer is B.

Figure 19-2 Suppose the U.S. Government Imposes a $0.40 Per