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-If the Economy in the Diagram Above Is Open to Trade,the

Question 139

Multiple Choice

-If the economy in the diagram above is open to trade,the world price of oil is $20 per barrel and the government places a $5 per-barrel tariff on oil imports,then the government will collect $________ million in oil tariff revenues. A) 35 B) 45 C) 50 D) 60 E) 80
-If the economy in the diagram above is open to trade,the world price of oil is $20 per barrel and the government places a $5 per-barrel tariff on oil imports,then the government will collect $________ million in oil tariff revenues.


A) 35
B) 45
C) 50
D) 60
E) 80

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