Refer to the Accompanying Graph, Where S_d and D_d Are

question 97

Multiple Choice

Refer to the accompanying graph, where S_d and D_d are the domestic supply and demand curves for a product. The world price of the product is $6. If the economy is open to international trade but a per unit tariff of $4 is imposed, then the total revenue going to domestic producers would be

• A)$400, the total revenue (after tariff)going to foreign producers would be $120, and the tariff revenue going to the government would be $80.
• B)$240, the total revenue (after tariff)going to foreign producers would be $240, and the tariff revenue going to the government would be $80.
• C)$400, the total revenue (after tariff)going to foreign producers would be $240, and the tariff revenue going to the government would be $80.
• D)$240, the total revenue (after tariff)going to foreign producers would be $120, and the tariff revenue going to the government would be $120.

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Definitions:

Medical Profession

The sector of work and study focused on maintaining and restoring health through the study, diagnosis, and treatment of patients.

Health Care System

An organization of people, institutions, and resources to deliver health care services to meet the health needs of target populations.

Median Income

A statistical measure that divides the income distribution into two equal groups, with half of the population earning below this amount and half above.

Mortality

The condition of being mortal or the occurrence of death among a group of people.