Use the following to answer questions:
Figure: Foreign Trade with a Tariff 
-(Figure: Foreign Trade with a Tariff) Refer to the figure. A $1 tariff results in:
Definitions:
Bookkeeping Procedure
The systematic recording of financial transactions and maintenance of financial records in a business.
Worksheet
A document or tool used for planning, calculating, or recording information, especially in accounting.
Financial Statements
A set of formal records that outline the financial activities and condition of a business, entity, or individual, including the balance sheet, income statement, and cash flow statement.
Long-term Investments
Assets that a company intends to hold for more than one fiscal year, such as stocks, bonds, or real estate.
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