The Following Graph Shows the Supply of and Demand for Baseballs

question 50

Multiple Choice

The following graph shows the supply of and demand for baseballs in the United States. If the world price is $3 per baseball and a tariff of $1 per baseball is imposed, then the tariff revenue collected by the United States government is _____.

• A) $4,000
• B) $16,000
• C) $20,000
• D) $24,000
• E) $48,000

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Definitions:

Stereotypical Behavior

Repetitive or ritualistic actions often performed with little apparent purpose, sometimes seen in animal behaviors or as a part of human social norms.

Sexual Segregation

The physical, legal, or cultural separation of people based on their sex, often leading to inequalities and discrimination in various aspects of society.

Nonindustrialized Societies

refers to societies that do not rely on large-scale industry and technology for their economic and social life, often focusing more on agriculture or hunter-gatherer modes of subsistence.

Assigned Chores

Tasks or duties allocated to individuals, often as part of a routine or responsibility within a household or organization.