The table above gives the domestic demand and supply schedules for a good. Suppose the world price of the good is $40 and the government imposes a $20 per unit tariff. How much will the government collect as tariff revenue?
A) $160 B) $360 C) $320 D) $240 E) $80
E
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A commercial bank creates money when it does all the following except ______
A. decreases its excess reserves B. makes loans C. creates deposits D. puts cash in its ATMs
The members of the Federal Open Market Committee are
A) the Treasury secretary, the head of the Federal Deposit Insurance Corporation, and the Comptroller of the Currency. B) the seven members of the Fed's Board of Governors and five of the Federal Reserve bank presidents. C) the President, the Speaker of the House of Representatives, and the Senate Majority Leader. D) the five top officials at the Federal Reserve Bank of New York's Trading Desk.
Over the past 50 years, the U.S. poverty rate was at its lowest level in
a. 1973. b. 1980. c. 1990. d. 2008.
Companies use the foreign-exchange market to convert money for use in financial transactions.
a. true b. false