Use the Following Table to Answer the Following Questions

question 159

Multiple Choice

Use the following table to answer the following questions:

-If the workers are paid $10 per hour,the price of the product is $3,and the fixed cost of the business is $10,then how many workers should the business employ?

• A) three
• B) four
• C) five
• D) six
• E) seven

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Definitions:

Tariff Revenue

Income that governments earn from imposing taxes on imported goods to protect domestic industries or generate income.

Economic Strategy

A plan of action designed to achieve specific financial or market objectives.

Exports

Items or services that are manufactured in one nation and purchased by consumers in a different country.

Imports

Goods or services brought into a country from abroad for sale or use.