If a Tariff of $10 Has No Effect on the World

question 44

Multiple Choice

If a tariff of $10 has no effect on the world price,the optimal tariff on that product

• A)is $10.
• B)is zero.
• C)is higher than $10.
• D)depends upon the amount of government revenue collected.

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Definitions:

Budgeted Balance Sheet

A financial statement that projects the financial position of a company for a future period, based on expected income and expenditure.