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(Figure: a Tariff on Imports) Refer to the Figure

Question 4

Multiple Choice

(Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total cost of thetariff to the citizens in that country is: A) $350 million. B) $400 million. C) $550 million. D) $700 million. (Figure: A Tariff on Imports) Refer to the figure. Suppose thegovernment intervenes with a $2 tariff; the total cost of thetariff to the citizens in that country is:


A) $350 million.
B) $400 million.
C) $550 million.
D) $700 million.

Correct Answer:

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