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-Refer to the Diagram Above,where S and D Are the Domestic

Question 60

Multiple Choice

  -Refer to the diagram above,where S and D are the domestic supply and demand curves for a product.The world price of the product is $6.If the economy is open to international trade but a tariff of $4 per unit is imposed,then the total revenue going to domestic producers would be ________,the total revenue (after tariff) going to foreign producers would be ________,and the tariff revenue going to the government would be ________. A)  $400;$120;$80 B)  $240;$240;$80 C)  $400;$240;$80 D)  $240;$120;$120 E)  $260;$140;$160
-Refer to the diagram above,where S and D are the domestic supply and demand curves for a product.The world price of the product is $6.If the economy is open to international trade but a tariff of $4 per unit is imposed,then the total revenue going to domestic producers would be ________,the total revenue (after tariff) going to foreign producers would be ________,and the tariff revenue going to the government would be ________.


A) $400;$120;$80
B) $240;$240;$80
C) $400;$240;$80
D) $240;$120;$120
E) $260;$140;$160

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