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Author Question: Refer to the information provided in Figure 33.4 below to answer the question(s) that follow.Refer ... (Read 237 times)

Charlie

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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. If there is free trade, this country will import ________ leather wallets.


◦ 50
◦ 100
◦ 200
◦ 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. After the tariff is imposed, this country will import ________ leather wallets.


◦ 50
◦ 100
◦ 150
◦ 200


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Marked as best answer by Charlie on Apr 19, 2019

gstein359

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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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kellyjaisingh

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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, tariff revenue in this country will be


◦ $50.
◦ $250.
◦ $500.
◦ $750.

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


◦ domestic production and consumption will increase by 50 wallets and domestic consumption will increase by 50 wallets.
◦ domestic production will increase by 150 wallets and domestic consumption will decrease by 250 wallets.
◦ domestic production will increase by 100 wallets and domestic consumption will decrease by 100 wallets.
◦ domestic production will increase by 50 wallets and domestic consumption will decrease by 50 wallets.



karlss

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Answer 1

$500.

Answer 2

domestic production will increase by 50 wallets and domestic consumption will decrease by 50 wallets.




karlss

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Capo

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  • Posts: 545

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. If the tariff is raised so that it now equals $10, tariff revenue in this country will be


◦ $0.
◦ $1,000.
◦ $2,000.
◦ $3,000.

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 free trade domestic production is


◦ 0.
◦ 100.
◦ 150.
◦ 300.




haleyc112

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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 the tariff domestic production is


◦ 100.
◦ 150.
◦ 200.
◦ 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. If there is free trade, this country will ________ 200 leather wallets.


◦ buy
◦ sell
◦ import
◦ export




 

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