The quantity of CD-Rom drives supplied by U.S. Assume that initially there is free trade. The quantity demanded of CD-Rom drives will be reduced by 3 million CD-Rom drives if the United States imposes _ tax per CD-Rom drive on imported CD-Rom drives.ġ1) Refer to Figure 4.5. The price of CD-Rom drives in the United States would be $15 per CD-Rom drive, and the United States would import 9 million CD-Rom drives if the United States imposed _ tax per CD-Rom drive on imported CD-Rom drives.ġ0) Refer to Figure 4.5. The United States will import 3 million CD-Rom drives if _ tax per CD-Rom drive is levied on imported CD-Rom drives.ĩ) Refer to Figure 4.5. The United States imports 9 million CD-Rom drives at a world price of _ per CD-Rom drive.Ĩ) Refer to Figure 4.5. oil imports without a tax.ħ) Refer to Figure 4.5. If the United States allowed drilling for more oil in the Gulf of Mexico, it couldĪ) reduce U.S. Tax revenue of $ 50 million per day will be generated if the United States imposes a _ tax per barrel on imported oil.Ħ) Refer to Figure 4.4. The price of oil in the United States will increase to $150 per barrel if the United States then imposes _ tax per barrel of imported oil.ĥ) Refer to Figure 4.4. The price of oil in the United States would be $125 per barrel, and the United States would import 6 million barrels of oil per day if the United States levies _ per barrel tax on imported oil.Ĥ) Refer to Figure 4.4. The United States will import 2 million barrels of oil per day if a _ per barrel tax is levied on imported oil.ģ) Refer to Figure 4.4. At the world price of _ per barrel of oil, the United States imports 6 million barrels of oil per day.Ģ) Refer to Figure 4.4. 4.2 Supply and Demand Analysis: An Oil Import Feeġ) Refer to Figure 4.4.
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