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Social Science Clinic => Economics => Macroeconomics => Topic started by: mrsjacobs44 on Mar 16, 2019

Title: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ...
Post by: mrsjacobs44 on Mar 16, 2019

Figure 7-2








Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure 7-2 shows the impact of this tariff.  






Refer to Figure 7-2. If the tariff was replaced by a quota which limited coffee imports to 20 million pounds, the amount of revenue received by coffee importers would equal

◦ $5 million.
◦ $15 million.
◦ $50 million.
◦ $78 million.

Title: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ...
Post by: Brummell1998 on Mar 16, 2019

$50 million.

Title: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ...
Post by: mrsjacobs44 on Mar 16, 2019

Thanks

Title: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ...
Post by: Brummell1998 on Mar 16, 2019

Welcome :)

Title: Re: Suppose the U.S. government imposes a $0.75 per pound tariff on coffee imports. Figure ...
Post by: Andrew Woodlee on Sep 18, 2022

Thank you