Solved

Refer to the Above Diagram, Where Sd and Dd Are

Question 159

Multiple Choice

Refer to the above diagram, where S<sub>d</sub> and D<sub>d</sub> are the domestic supply and demand for a product and P<sub>c</sub> is the world price of that product.With a per unit tariff of P<sub>c</sub>P<sub>t</sub>, the total amount of tariff revenue collected on this product will be: A) P<sub>a</sub>P<sub>t</sub> times wy. B) P<sub>c</sub>P<sub>t</sub> times x. C) P<sub>c</sub>P<sub>t</sub> times wy. D) P<sub>c</sub>P<sub>t</sub> times z. Refer to the above diagram, where Sd and Dd are the domestic supply and demand for a product and Pc is the world price of that product.With a per unit tariff of PcPt, the total amount of tariff revenue collected on this product will be:


A) PaPt times wy.
B) PcPt times x.
C) PcPt times wy.
D) PcPt times z.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q86: Which of the following is an example

Q153: Assume that by devoting all of its

Q154: In terms of absolute volume, world trade

Q155: Refer to the diagram below, where S<sub>d</sub>

Q157: Assume that by devoting all its resources

Q158: About how many nations belong to the

Q160: A protective tariff will:<br>A)increase the price and

Q161: The data given is for two hypothetical

Q162: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the

Q163: In a two-nation model, the equilibrium world