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The Following Table Gives the Hypothetical Supply and Demand of Television

question 98

Multiple Choice

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. 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.   Who will benefit from Guatemala's 100% tariff on imported TVs? A)  Guatemala's consumers B)  Guatemala's TV producers C)  Guatemala's TV importers D)  foreign TV manufacturers Who will benefit from Guatemala's 100% tariff on imported TVs?


Definitions:

Federal Level

Pertaining to the national government of a country, as opposed to state or local levels.

Attack Strategy

A plan or method aimed at undermining or competing against an opponent or adversary, often used in political, business, or marketing contexts.

Unintended Impact

Outcomes or effects that were not anticipated or planned for, often occurring as a result of an action or decision.

Presidential Candidates

Individuals officially running for the office of the presidency in a country, participating in electoral campaigns to gain support from the electorate.

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