Refer to the Information Provided in Figure 18

question 109

Multiple Choice

Refer to the information provided in Figure 18.5 below to answer the questions that follow. Figure 18.5
-Refer to Figure 18.5. The domestic price of oil is $130 per barrel, and the world price of oil is $120 per barrel. If the domestic government imposes a tariff of $________ per barrel, it will eliminate all oil imports and achieve tariff revenues of $________.

• A) 10; zero
• B) 5; 20 million
• C) 5; 45 million
• D) 10; 120 million

Understand the role of technology in facilitating global marketing strategies.

Recognize the significance of consumer confidence in the economy and its effect on spending behavior.

Identify the major external factors that influence the marketing environment of a firm.

Differentiate between direct and alternate competition in the marketplace.

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Definitions:

West Africa

A region located in the western part of the African continent, consisting of countries along the Atlantic Ocean and Sahara Desert.

Infectious Disease

Diseases caused by pathogens such as bacteria, viruses, fungi, or parasites that can be spread, directly or indirectly, from one person to another.

Statistica Neerlandica

A peer-reviewed scientific journal covering research in the field of statistics and its applications.

West African Countries

Nations located in the western region of the African continent, including Nigeria, Ghana, Senegal, and others.