Refer to the figure above, which shows domestic supply and demand. If P1 is equal to P2 (the world price) plus a tariff, then government revenue from the tariff is equal to
A) a + c
B) b
C) P1 ( Q3 - Q2 )
D) P2 [(Q2 - Q1 ) + (Q4 - Q3 )]
E) a + b + c
B
You might also like to view...
An autonomous easing of monetary policy
A) causes an upward movement along the monetary policy curve. B) causes a downward movement along the monetary policy curve. C) shifts the monetary policy curve upward. D) shifts the monetary policy curve downward.
Referring to the graph above, assume that, at first, the labor market is in equilibrium at point 4. Then, demand shifts to pass through point 3, and the real wage adjusts to the new equilibrium
________ is ________ at the new equilibrium, compared to the original equilibrium. A) unemployment; larger B) unemployment; smaller C) the labor force; smaller D) employment; larger
The characteristic of limited liability enables corporations to
A) avoid taxes on some of their profits. B) exist even when owners die. C) raise large amounts of financial capital. D) start up and dissolve easily.
Beyond some minimum level of effort, it is usually expected that teamwork will have the impact of ________ relative to individual effort.
A. leaving output the same B. reducing output C. increasing output D. reducing and then increasing the output