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Refer to the Information Provided in Figure 4

Question 116

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Refer to the information provided in Figure 4.4 below to answer the question(s) that follow. Refer to the information provided in Figure 4.4 below to answer the question(s)  that follow.   Figure 4.4 -Refer to Figure 4.4. Assume that initially there is free trade. Tariff revenue of $50 million per day will be generated if the United States imposes a ________ tariff per barrel on imported oil. A)  $25 B)  $50 C)  $100 D)  $150 Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. Tariff revenue of $50 million per day will be generated if the United States imposes a ________ tariff per barrel on imported oil.


A) $25
B) $50
C) $100
D) $150

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