Suppose the World Price of Widgets Is $5 Each

question 252

Multiple Choice

Suppose the world price of widgets is $5 each.If a widget-importing country imposed a $2 per widget tariff,what price would that country's consumers pay for widgets?

• A) $10
• B) $7
• C) $5
• D) $3
• E) A price that is greater than $5 and less than $7

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Definitions:

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including repayment schedule, interest rate, and late penalties.

Inventory Returns Estimated

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