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Figure 7.2 Suppose the Canadian Government Imposes a $0.40 Per Pound Tariff

Question 103

Multiple Choice

Figure 7.2
Figure 7.2 Suppose the Canadian government imposes a $0.40 per pound tariff on rice imports. Figure 7.2 shows the impact of this tariff. -Refer to Figure 7.2.If the tariff was replaced by a quota which limited rice imports to 16 thousand kilograms, the amount of revenue received by rice importers would equal A) $6.4 thousand. B) $9.6 thousand. C) $16 thousand. D) $19.8 thousand.
Suppose the Canadian government imposes a $0.40 per pound tariff on rice imports. Figure 7.2 shows the impact of this tariff.
-Refer to Figure 7.2.If the tariff was replaced by a quota which limited rice imports to 16 thousand kilograms, the amount of revenue received by rice importers would equal


A) $6.4 thousand.
B) $9.6 thousand.
C) $16 thousand.
D) $19.8 thousand.

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