Solved

Suppose the U

Question 284

Multiple Choice

Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 9-5 shows the impact of this tariff. -Refer to Figure 9-5.If the tariff was replaced by a quota which limited coffee imports to 20 million pounds,the amount of revenue received by coffee importers would equal A) $5 million. B) $15 million. C) $50 million. D) $78 million. Suppose the U.S.government imposes a $0.75 per pound tariff on coffee imports.Figure 9-5 shows the impact of this tariff.
-Refer to Figure 9-5.If the tariff was replaced by a quota which limited coffee imports to 20 million pounds,the amount of revenue received by coffee importers would equal


A) $5 million.
B) $15 million.
C) $50 million.
D) $78 million.

Correct Answer:

verifed

Verified

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

Related Questions

Q110: A quota is
A)a limit placed on the

Q116: Which of the following is the best

Q123: A tariff
A)makes domestic consumers better off.
B)makes both

Q127: A quota
A)makes domestic consumers worse off.
B)makes both

Q130: Which of the following is the best

Q279: Figure 9-3 Figure 9-3 </p></div><svg width=

Q279: Figure 9-4 shows</p></div><svg width=

Q282: Suppose the U.S.government</p></div><svg width=

Q285: Suppose the U.S.government</p></div><svg width=

Q289: Suppose the U.S.government</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