Exhibit 18-5
-In Exhibit 18-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the amount of tariff revenue the United States government collects?

Question

Exhibit 18-5 
-In Exhibit 18-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the amount of tariff revenue the United States government collects?

Quizplus · Accepted Answer

The Answer of Exhibit 18-5 
-In Exhibit 18-5, if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States, which area represents the amount of tariff revenue the United States government collects?

Exhibit 18-5 -In Exhibit 18-5, If the World Price of a Baseball