Refer to the Information Provided in Figure 4

question 2

Multiple Choice

Refer to the information provided in Figure 4.5 below to answer the question(s) that follow. Figure 4.5
-Refer to Figure 4.5. If the United States eliminates all tariffs on CD-Rom drives, which of the following would occur?

• A) The price of CD-Rom drives in the United States would be $15 per CD-Rom drive, and the United States would import 3 million CD-Rom drives.
• B) The price of CD-Rom drives in the United States would be $25 per CD-Rom drive, and the United States would import 3 million CD-Rom drives.
• C) 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.
• D) The price of CD-Rom drives in the United States after the U.S. government eliminated all tariffs on imported CD-Rom drives cannot be determined from this information.

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Definitions:

Less Popular

Referring to something that does not enjoy widespread acclaim or favor among a general population or specific group.

Crystallized Intelligence

The ability to use skills, knowledge, and experience, which does not equate to memory but to utilizing learned knowledge and experience.

Cultural Intelligence

The ability to relate and work effectively across cultures.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.