Refer to the information provided in Figure 33.4 below to answer ...

[haleyc112]

Thank you!

[frogdreck123456]

Always glad to help...

[Sufayan.ah]

Question 1

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.





Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed, this country will ________ 250 leather wallets.

◦ buy
◦ sell
◦ import
◦ export

Question 2

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.





Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed, ________ revenue in this country will be $500.

◦ export
◦ import
◦ tariff
◦ total

[ktidd]

Answer 1

buy

Answer 2

tariff

[sarasara]

Question 1

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.





Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. After the tariff is imposed, domestic consumption of domestically produced wallets will be ________ wallets and domestic consumption of imported wallets will be ________ wallets.

◦ 150; 100
◦ 150; 250
◦ 100; 250
◦ 200; 50

Question 2

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.





Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. If the tariff is changed so that it is now ________, tariff revenue in this country will be zero.

◦ $1
◦ between $1 and $5
◦ between $5 and $10
◦ $10

[jaygar71]

Answer 1

150; 100

Answer 2

$10

[sarasara]

Thank you!

[jaygar71]

Always glad to help...

[j.rubin]

Question 1

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.





Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. With free trade domestic consumption is

◦ 0.
◦ 100.
◦ 150.
◦ 300.

Question 2

Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.





Refer to Figure 33.4. The domestic price of a leather wallet is $20. With free trade the price of a leather wallet is $10 and after a tariff is imposed the price is $15. With the tariff domestic consumption is

◦ 100.
◦ 150.
◦ 200.
◦ 250.

[milbourne11]

Answer 1

300.

Answer 2

250.