Asked by Madison Schmitz on May 02, 2024
Verified
Refer to Figure 4.5. If a $10.00 per CD-Rom drive tariff is levied on imported CD-Rom drives, the United States will
A) import 3 million CD-Rom drives.
B) import 6 million CD-Rom drives.
C) import 9 million CD-Rom drives.
D) import 12 million CD-Rom drives.
Tariff
A tax on imports.
CD-Rom Drives
Devices used to read information stored on CD-ROMs, often used for the distribution of software and media content.
Imported
Goods or services brought into one country from another for sale.
- Identify the implications of tariffs and international trade policies on domestic markets.
Verified Answer
LR
Lawrence RubinMay 03, 2024
Final Answer :
A
Explanation :
Without the specific details of Figure 4.5, the correct answer cannot be determined solely based on the information provided. However, typically, the imposition of a tariff would reduce the quantity of imports due to the increased cost of imported goods.
Learning Objectives
- Identify the implications of tariffs and international trade policies on domestic markets.