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Author Question: Use the graph below and the following information to answer the next question(s). The world price of ... (Read 392 times)

cnetterville

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on: Sep 7, 2020

Question 1

Average tariff rates are highest for
◦ high-income countries.
◦ low-income countries.
◦ middle-income countries.
◦ industrialized countries.

Question 2

Use the graph below and the following information to answer the next question(s). The world price of soybeans is $2.00 per bushel, and the importing country is small enough not to affect the world price.


Figure 6.1



Based on Figure 6.1, suppose the government puts a tariff of $0.25 per bushel on soybean imports. How much will the tariff reduce imports?
◦ Imports will not change after the tariff.
◦ Imports will decrease by 10 million bushels.
◦ Imports will decrease by 20 million bushels.
◦ Imports will decrease by 60 million bushels.
International Economics ¦ Gerber ¦ 6th Edition
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Marked as best answer by cnetterville on Sep 7, 2020

katheyjon

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Reply #1 on: Sep 7, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cnetterville

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Reply 2 on: Sep 7, 2020
YES! Correct, THANKS for helping me on my review

ktidd

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Reply 3 on: Yesterday
:D TYSM

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