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Author Question: Based on Figure 6.1, how much revenue will the government raise from a 0.25 per bushel tariff on ... (Read 85 times)

luvbio

  • Hero Member
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  • Posts: 623
on: Jun 30, 2018
Based on Figure 6.1, how much revenue will the government raise from a 0.25 per bushel tariff on soybean imports?
 
  A) The government will raise 2.5 million.
  B) The government will raise 5 million.
  C) The government will raise 15 million.
  D) The government will raise 32.5 million.
  E) The government will see no increase in income; because the country is small, foreign firms will simply not serve it after the tariff is imposed.

Question 2

Studies of the high growth Asian economies confirm the importance of savings and investment in increasing economic growth.
 
  Indicate whether the statement is true or false


ambernicolefink

  • Sr. Member
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  • Posts: 359
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

TRUE


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