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The following table gives the hypothetical supply and demand of television sets in Guatemala. Guatemala is a small country that is unable to affect world prices. The world price (free-trade price) is $300 per TV set. How much total tariff revenue will Guatemala collect when it imposes the 100% tariff on imported TVs?
Existentialism
The approach to philosophy that focuses on conscious experience (phenomenology), free will, the meaning of life, and other basic questions of existence.
Sartre
Jean-Paul Sartre, a French existentialist philosopher, playwright, and novelist known for his exploration of freedom, existentialism, and the human condition.
Nietzsche
A German philosopher known for his exploration of individual morality, the will to power, and the critique of religion.
Optimistic View
A tendency to look on the more favorable side of events or conditions and to expect the most favorable outcome.
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