Exhibit 17.4 -Refer to Exhibit 17.4, Which Shows the Market for Wheat

question 176

Multiple Choice

Exhibit 17.4

-Refer to Exhibit 17.4, which shows the market for wheat for the country of Palatino. S^D is the domestic supply of wheat, and D^D is the domestic demand for wheat. Suppose the world price of wheat is $9 per bushel of wheat and a specific tariff of $6 is imposed on each bushel of wheat imported. Government revenue from the tariff equals _____

• A) $45,000.
• B) $3,000,000.
• C) $1,800,000.
• D) $900,000.
• E) $50,000.

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Parenthood

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Fertility Rates

The average number of children born to a woman over her lifetime within a population.

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