Refer to Figure 9.9. Now suppose an import quota of 3000 trucks is imposed. Government revenue from the quota will be
A) $0.
B) $2,500.
C) $7,500,000.
D) $12,500,000.
E) $13,125,000.
A
You might also like to view...
In the long run, a firm should exit when:
A) price is less than average total cost. B) price is equal to average total cost. C) price is equal to marginal cost. D) price is more than marginal cost.
The basic purpose of economic models is to:
a. construct simplifying assumptions about the real world. b. explain reality in all its complexity. c. construct situations where controlled experiments can be carried out. d. provide explanations for, and predictions of the relationship between variables.
Banks and mutual funds are examples of financial markets
a. True b. False Indicate whether the statement is true or false
An increase in consumption at any given level of income is likely to lead to:
a) Higher aggregate demand b) An increase in exports c) A fall in taxation revenue d) A decrease in import spending