Refer to Figure 9.8. In order to gain the equivalent imports as a $50 tariff, the government would have to impose a quota of

A) 100 tons of sugar.
B) 200 tons of sugar.
C) 300 tons of sugar.
D) 350 tons of sugar.
E) 500 tons of sugar.

A

Economics

You might also like to view...

Describe the government's flows in the circular flow model of the economy

What will be an ideal response?

Economics

Macroeconomic forecasts are

a. precise; this makes policy lags less relevant. b. precise; this makes policy lags more relevant. c. imprecise; this makes policy lags less relevant. d. imprecise; this makes policy lags more relevant.

Economics