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    Macroeconomics Study Set 20
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    Exam 21: International Finance
  5. Question
    -Refer to Exhibit 34-7
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-Refer to Exhibit 34-7

Question 11

Question 11

Multiple Choice

  -Refer to Exhibit 34-7.Assume that the current price of good X is $25 (which includes a $10 tariff on imports of good X) .Americans purchase ______ units of good X from U.S.producers and import _______ units of good X from abroad. A)  0; 50 B)  20; 25 C)  10; 30 D)  10; 40
-Refer to Exhibit 34-7.Assume that the current price of good X is $25 (which includes a $10 tariff on imports of good X) .Americans purchase ______ units of good X from U.S.producers and import _______ units of good X from abroad.


A) 0; 50
B) 20; 25
C) 10; 30
D) 10; 40

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