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Sufayan.ah

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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, 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

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sarasara

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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, 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

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jaygar71

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j.rubin

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  • Posts: 557

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

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