Refer to the Information Provided in Figure 4

question 43

Multiple Choice

Refer to the information provided in Figure 4.4 below to answer the question(s) that follow. Figure 4.4
-Refer to Figure 4.4. Assume that initially there is free trade. If the United States then imposes a $25 tariff per barrel of imported oil, the tariff revenue generated will equal

• A) $25 million per day.
• B) $50 million per day.
• C) $100 million per day.
• D) $125 million per day.

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Definitions:

Positive Reinforcement

A process by which the likelihood of a behavior's occurrence is increased by following it with a pleasant stimulus.

Real-Life Example

An instance or situation from everyday life used to illustrate or explain a principle or phenomenon.

Personal Habit

A regular tendency or practice, often involuntary, which is hard to give up and shapes an individual’s daily behavior.

Positive Behavior

Actions that are constructive, beneficial, and supportive of the well-being of oneself and others.