In 2006, European Union Tariff on Imported Bananas from Latin

question 53

Multiple Choice

In 2006, European Union tariff on imported bananas from Latin America was €176 a ton. Suppose 2.5 million tons of bananas were imported in 2006 but then the tariff decreased to €152 a ton in 2007 and as a result, 3 million tons were imported in 2007. What is the tariff revenue in 2007?

• A) €445,000,000
• B) €528,000,000
• C) €440,000,000
• D) €375,000,000

Comprehend the role and influence of key figures and social movements in colonial society.

Analyze the role of colonial education, media, and literature in shaping American identity and society.

Understand the effects of colonial legal and social practices on marginalized groups, particularly enslaved Africans.

Identify and understand the basic personality factors assessed by the Eysenck Personality Questionnaire.

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Definitions:

Market Equilibrium

Market equilibrium occurs when the quantity demanded by consumers perfectly matches the quantity supplied by producers, resulting in no excess supply or demand within the market.

Price

The financial value forecasted, demanded, or handed over as compensation for an item.

Quantity

The amount or number of a material or immaterial good that is considered as a unit or an aggregate.

Price Ceiling

A legal maximum price set by government on certain goods or services, intended to prevent prices from becoming too high.