Use the following table for a certain product's market in Marketopia to answer the next question.Quantity Demanded DomesticallyPriceQuantity Supplied Domestically1,400$102,2001,60092,0001,80081,8002,00071,6002,20061,4002,40051,200Assume the small-country model is applicable. If the world price of the product is $6 and a tariff of $1 per unit is applied to imports of the product, then the tariff would generate government revenues of
A. $1,200.
B. $400.
C. $600.
D. $800.
Answer: B
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What is the primary disadvantage for a firm that obtains financial capital through a bank loan?
a. Having to make scheduled interest payments b. Losing control of its operations to bank stockholders c. Being monitored by the Securities and Exchange Commission d. Selling off ownership of the company until the loan is repaid
China's capital market is:
a. efficient because it lends to large companies b. is comprised of private lenders who are willing to led for long maturities c. noted for lending based on political considerations d. does not discriminate between public and private borrowers e. none of the above
Which of the following statements is true? Ceteris paribus (everything else held equal),
a) r (down) --> Y (down) --> I (up) --> AE (down) b) r (down) --> Y (up) --> I (up) --> AE (up) c) r (down) --> AE (up) --> Y (up) --> I (up) d) r (down) --> I (up) --> AE (up) --> Y (up)
Answer the next question on the basis of the following five schedules, all of which represent income tax schedules for an economy. All figures are in billions of dollars.IIIIIIIVVTaxBase (Income)TaxBase (Income)TaxBase (Income)TaxBase (Income)TaxBase (Income)$30$100$10$100$5$100$30$100$10$10050200202001520060200302006030030300303009030060300704004040050400120400100400Which of the above schedules represent(s) a regressive tax?
A. V only B. III and V C. I only D. IV only