Assume the United States Is a Large Consumer of Steel

question 10

Multiple Choice

Assume the United States is a large consumer of steel that is able to influence the world price. Its demand and supply schedules are respectively denoted by DU.S. and SU.S. in Figure 4.2. The overall (United States plus world) supply schedule of steel is denoted by SU.S.+W.
Figure 4.2. Import Tariff Levied by a "Large" Country ?
-According to Figure 4.2, the tariff's terms-of-trade effect equals

• A) $300.
• B) $400.
• C) $500.
• D) $600.

---

Definitions:

General Occupational Themes

These themes refer to broad categories of vocational interests used to guide individuals in identifying careers that align with their interests and strengths.

Holland Codes

A theory and classification system of personality types and environments invented by John L. Holland, used primarily to assess career interests and best job fit.

Work Style

An individual's preferred way of performing tasks or their method of working and interacting in a professional context.

Interest Inventory

An assessment tool used to identify a person's interests in order to guide them towards compatible career paths or educational fields.