Multiple Choice

-If the economy in the diagram above is open to trade,the world price of oil is $20 per barrel and the government places a $5 per-barrel tariff on oil imports,then the government will collect $________ million in oil tariff revenues.
A) 35
B) 45
C) 50
D) 60
E) 80
Correct Answer:
Verified
Related Questions
Q75: The demand for DVD players in a
Q76: The demand for soybeans in a country
Q77: The demand for laser printers in a