42 Supply and Demand Analysis: an Oil Import Fee

question 172

Multiple Choice

4.2 Supply and Demand Analysis: An Oil Import Fee
Refer to the information provided in Figure 4.4 below to answer the questions that follow. Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. 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.

• A) no
• B) a $25
• C) a $50
• D) a $100

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Family Function

The way a family works to meet the needs of its members. Children need families to provide basic material necessities, to encourage learning, to help them develop self-respect, to nurture friendships, and to foster harmony and stability.

Nutritional Habits

Patterns or routines of eating that affect an individual's health, often determined by choices and preferences regarding food.

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Physical traits that are not directly involved in reproduction but that indicate sexual maturity, such as a man’s beard and a woman’s breasts.