-Refer to the diagram above,where S and D are the domestic supply and demand for a product.The world price of the product is $6.What would be the difference in the total revenue received by foreign producers after a quota of 20 units is imposed,compared with the total revenue received by foreign producers when a $4 per unit tariff is paid?
A) There would be no difference.
B) There would be $80 more revenue with a quota than with a tariff.
C) There would be $200 more revenue with a quota than with a tariff.
D) There would be $120 more revenue with a tariff than with a quota.
E) There would be $220 more revenue with a tariff than with a quota.
Correct Answer:
Verified
Q93: Use the following table to answer the
Q94: Q95: Q96: According to the comparative advantage model of Q97: If quotas are imposed on French clothing Q99: Use the following table to answer the Q100: If Sierra Leone has a comparative advantage Q101: A regional trade agreement is Q102: A multilateral agreement is a(n) Q103: The major international institutions affecting finance and
A) a document
A) agreement between
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