Multiple Choice
Figure 9.5.2
-Refer to Figure 9.5.2 above. Now suppose an import quota of 3000 trucks is imposed. An alternative to the quota that would have the same impact on the number of imports would be a tariff of:
A) $2,500.
B) $5,000.
C) $15,000.
D) $20,000.
E) $13,125,000.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: The consumer's gain from the imposition of
Q24: Suppose the market supply curve is upward
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 9.2.1 -Refer
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 9.5.1 -Refer
Q27: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 9.4.1 -Refer
Q29: A specific tax will be imposed on
Q30: When the federal government installs a price
Q31: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 9.5.2 -Refer
Q32: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 9.1.3 -Refer
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3095/.jpg" alt=" Figure 9.5.1 -Refer