Solved

Figure 9-2 Suppose the U.S.government Imposes a $0.40 Per Pound Tariff on $0.40

Question 121

Multiple Choice

Figure 9-2
Figure 9-2 Suppose the U.S.government imposes a $0.40 per pound tariff on rice imports.Figure 9-2 shows the impact of this tariff. -Refer to Figure 9-2.If the tariff was replaced by a quota which limited rice imports to 16 million pounds, the amount of revenue received by rice importers would equal A) $6.4 million. B) $9.6 million. C) $16 million. D) $19.8 million.
Suppose the U.S.government imposes a $0.40 per pound tariff on rice imports.Figure 9-2 shows the impact of this tariff.
-Refer to Figure 9-2.If the tariff was replaced by a quota which limited rice imports to 16 million pounds, the amount of revenue received by rice importers would equal


A) $6.4 million.
B) $9.6 million.
C) $16 million.
D) $19.8 million.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q104: Figure 9-1
Figure 9-1 </p></div><svg width=

Q106: A tariff is
A)a limit placed on the

Q110: Figure 9-1
Figure 9-1 </p></div><svg width=

Q117: What is autarky?

Q120: Figure 9-1
Figure 9-1 </p></div><svg width=

Q122: Figure 9-2
Figure 9-2 </p></div><svg width=

Q129: Which of the following is the best

Q131: A quota
A)makes domestic consumers better off.
B)makes both

Q135: In order to avoid the imposition of

Q137: Figure 9-2
Figure 9-2 </p></div><svg width=

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents