Refer to Figure 9.8. If free trade in sugar is replaced by a $50 tariff in sugar, government revenue from the tariff will be
A) $50.
B) $5000.
C) $15,000.
D) $17,500.
E) $25,000.
B
You might also like to view...
A person who has taken medical leave is
A) in the labor force. B) not in the labor force. C) unemployed. D) a job leaver.
Which of the following shows a decrease in income in this graph?
a. Area f is larger than area e.
b. Area f is larger than area d.
c. Area d is larger than area f.
d. Area d is larger than area e.
Suppose the federal funds rate rises by 0.5 percent. If the Taylor rule is correct, this might be because output is:
A. 0.5 percentage points below potential output. B. 0.5 percentage points above potential output. C. 1 percentage point below potential output. D. 1 percentage point above potential output.
Which statement is false?
A. Price discrimination can be a disguised subsidy to the poor. B. Price discrimination enables the seller to increase her profits. C. Price discrimination is usually against poor people who can't afford to shop around. D. None of these statements are false.