-Refer to Exhibit 34-8

question 39

Multiple Choice

-Refer to Exhibit 34-8.Assume that the current price of sugar in the United States is $300 per ton (which includes a $100 per ton tariff on sugar imports) .The government collects tariff revenues on sugar imports in the amount of __________ million.

• A) $500
• B) $1,000
• C) $1,500
• D) $2,000
• E) none of the above

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Definitions:

Subject Matter

The specific object or topic that is being discussed, addressed, or dealt with.

Anti-assignment Clause

A contract provision that prevents one party from transferring their rights or obligations to another.

Debris

Refers to the remains of something that has been destroyed or broken up.

Assignment

The transfer of rights, responsibilities, or interests from one party to another.