Refer to the figure above. Domestic producers gain ________ because of the tariff

A) $5
B) $62,500
C) $15
D) $125,000

B

Economics

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If the U.S. (a large country) imposes a tariff on its imported good, this will tend to

A) improve the terms of trade of the United States. B) have no effect on terms of trade. C) improve the terms of trade of all countries. D) cause a deterioration of U.S. terms of trade. E) raise the world price of the good imported by the United States.

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How did the global supply of savings impact the formation of the housing bubble?

What will be an ideal response?

Economics