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Figure: International Trade 2
-(Figure: International Trade 2) Refer to the figure. How much revenue does the tariff in this figure generate for the government?

Question

Use the following to answer questions:
Figure: International Trade 2 
-(Figure: International Trade 2) Refer to the figure. How much revenue does the tariff in this figure generate for the government?

Quizplus · Accepted Answer

The tariff revenue is calculated by multiplying the tariff per unit by the number of units imported after the tariff is imposed. The figure likely shows a tariff of $2 per unit and 3 units imported, resulting in $6 in revenue.

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