Exhibit 17-6 
-In Exhibit 17-6,if the world price of a baseball is $3 and a tariff of $1 per baseball is imposed in the United States,which area represents the amount of tariff revenue the United States government collects?
Definitions:
Interest
Interest is the charge for borrowing money, typically expressed as an annual percentage rate of the principal.
Compounded Monthly
The method of accruing interest on the initial amount of a loan or deposit, thereby earning interest on the accrued interest, on a monthly basis.
12%
A numerical value representing twelve parts per hundred, often used to denote a percentage rate, such as an interest rate or growth rate.
7 Years
A time period of seven years, often used in the context of loans, investments, or tenure.
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