Refer to the Information Provided in Figure 33

question 210

Multiple Choice

Refer to the information provided in Figure 33.5 below to answer the question(s) that follow. Figure 33.5
-Refer to Figure 33.5. The domestic price of oil is $130 per barrel, and the world price of oil is $120 per barrel. If the domestic government imposes a tariff of $10 per barrel, it will

• A) import zero barrels.
• B) import 5 million barrels.
• C) export 5 million barrels.
• D) export 7 million barrels.

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Definitions:

Anxious

Feeling of worry, nervousness, or unease about something with an uncertain outcome.

Narcissist

An individual exhibiting excessive self-love or self-centeredness, often associated with a lack of empathy and a need for admiration.

Grandiose View

An inflated self-concept, often characterized by overestimations of one’s importance, abilities, or achievements.

Self-Serving Bias

The common tendency to attribute positive outcomes to one's own character but attribute negative outcomes to external factors.